Crude oil prices continued their downward trend on Tuesday, pressured by growing fears that the ongoing trade war between the United States and China could dampen global economic growth and energy demand. As of 06:35 GMT, Brent crude futures fell by 51 cents, or 0.8%, to $65.35 per barrel, while U.S. West Texas Intermediate (WTI)…
Oil markets saw a volatile trading session on Friday, with prices swinging between gains and losses as investors weighed the impact of potential U.S. retaliatory tariffs against broader supply concerns stemming from stricter policies on Iran. West Texas Intermediate (WTI) crude continued its downward trend, closing in negative territory for the fourth consecutive week. Meanwhile,…
Oil prices slipped to their lowest levels in a week on Wednesday as markets weighed the potential impact of U.S. President Donald Trump’s proposed tariffs on global economic growth and energy demand. Brent crude futures fell by $0.29 (0.4%) to settle at $79.00 per barrel, while U.S. West Texas Intermediate (WTI) crude dropped $0.39 (0.5%)…
Oil prices edged slightly lower on Monday, reflecting thin trading volumes during the holiday season. Traders remain cautious, awaiting critical economic data from China and the United States—the two largest oil consumers globally—to gauge potential growth trajectories in 2025. Brent crude futures dipped marginally by 8 cents to $74.09 per barrel by 0700 GMT, while…
