Tariffs and weak oil prices have ground deal making to a halt, but private equity has the dry powder ready to fire as the turmoil subsides.

Crude oil futures climbed more than $1.60 a barrel on Tuesday, lifted by a temporary cut in U.S.-China tariffs and a better-than-expected inflation report. Brent crude futures settled at $66.63 a barrel,

The crude oil market continues to see a lot of back and forth at this point, as the basing pattern seems to be playing out still. With concerns about global trade and too much supply, its been a real fight between bears and bulls.

Live Updates Live Coverage Updates appear automatically as they are published. Mixed Earnings from China 9:33 am A bit more stock earnings news coming in now, this time from China. Online gamer NetEase (Nasdaq: NTES) reports $2.

U.S. crude futures declined more than $1 in early trade on Thursday after an unexpected build in U.S. crude oil inventories last week raised investor concerns about oversupply. U.S. West Texas Intermediate (WTI) crude futures slid $1.

The world's largest crude-oil exporter announced a billion-dollar-plus drop in profits for the first quarter of the year, blamed largely on sagging crude prices. Saudi Aramco announced earnings of $26 billion, down from $27.3 billion a year ago.

Momentum is back in crude oil, as price action targets a breakout above $64.06, reinforcing bullish sentiment and potentially challenging the downtrend.

Brazilian state-run oil company Petrobras said on Tuesday it will revise its five-year strategic plan due to lower crude prices, sending investors a message of austerity during its first-quarter earnings conference call.