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A steep drop in crude oil prices largely due to US President Donald Trump’s tariffs will squeeze budgets of emerging market oil exporters, analysts said, while the potential economic slowdown ...
Oil prices climbed more than 1 per cent on Wednesday, extending the prior day’s gains, as investors weighed a fresh round of US sanctions on Iran, a drop in US crude stocks and a softer tone ...
Cushing crude oil inventories increased by 2.37m barrels. The large build was driven by a 728k b/d week-on-week drop in crude exports. Crude oil imports increased by 271k b/d WoW. Furthermore ...
Oil prices plunged by 8% on Friday, heading for their lowest close since the height of the coronavirus pandemic in 2021. This dramatic drop was triggered by escalating tensions in the global trade ...
Singapore, Apr. 24 (BNA): Oil prices ticked up on Thursday after falling nearly 2% in the previous session. Brent Crude futures rose 8 cents, or 0.12%, to $66.20 a barrel by 0505 GMT, Reuters reported ...
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([email protected]) Oil’s Drop Could Bring Challenges for Gulf Economies 1405 GMT – Oil’s 6% slump following U.S. President Trump’s latest barrage of tariffs signals potential ...
"While the national average price of gasoline saw its largest weekly gain of the year, it likely won’t last long, as oil prices have plummeted amid growing concerns about the global economy ...
Hvalbye went on to note in the report that, at the start of this week, oil prices continued to drop after Saudi Arabia slashed its flagship crude price by the most in over two years.
Fears of a global recession, triggered by new US trade tariffs, have caused oil prices to drop significantly. The RAC predicts petrol prices could fall to 130p a litre, down from 136p before ...