(Oil Price) – Higher risks of recessions and higher-than-expected OPEC+ production prompted Goldman Sachs to slash again its oil price forecasts for 2026, days after it had already cut its price outlook in the wake of the U.S. tariffs announcement last week. Goldman Sachs’s analysts issued a new note dated April 6, in which they slashed their 2026 oil price forecasts
(Investing) – Oil prices have plummeted to their lowest levels in more than three years, as China retaliates against President Trump’s tariffs, intensifying the ongoing trade war and unsettling global markets. Brent Oil Futures dropped 7.6% to $64.86 a barrel at 14:05 GMT, while Crude Oil WTI Futures fell 8.4% to $61.34 a barrel. “We leave our forecasts unchanged until further clarity emerges, sticking with
(Investing) – Oil edged up on Monday, with investors cautious after U.S. President Donald Trump threatened to impose secondary tariffs on buyers of Russian oil and warned Iran of possible military action if it did not agree to a deal over its nuclear program. The more active June Brent crude futures was up 43 cents, or 0.59%, at $73.19 a barrel by 1322
(Investing) – HOUSTON -Oil prices rose on Wednesday, buoyed by government data showing U.S. crude oil and fuel inventories fell last week and by mounting concerns about tighter global supply following the U.S. threat of tariffs on nations buying Venezuelan crude. Brent crude futures gained 88 cents, or 1.21%, to $73.90 a barrel by 10:42 a.m. ET (1442 GMT), their highest since February
(Investing) – Oil prices rose Monday on optimism new tariff announcements from U.S. President Donald Trump will not be as severe as first feared. At 08:55 ET (12:55 GMT), Brent Oil Futures expiring in May rose 0.4% to $71.86 per barrel, while West Texas Intermediate (WTI) crude futures gained 0.4% to $68.55 per barrel. Both benchmarks settled higher on Friday and recorded a second consecutive
(Investing) – LONDON -Oil prices fell slightly on Friday but were heading for a second consecutive weekly gain as fresh U.S. sanctions on Iran and the latest output plan from the OPEC+ producer group raised expectations of tighter supply. Brent crude futures were down 23 cents, or 0.3%, at $71.77 a barrel by 1300 GMT. U.S. West Texas Intermediate crude futures fell
(Investing) – Oil prices rose Tuesday amid rising tensions in the Middle East, with traders awaiting news from the Ukraine ceasefire discussions between U.S. President Donald Trump and his Russian equivalent Vladimir Putin. At 08:15 ET (12:15 GMT), Brent Oil Futures expiring in May rose 1.3% to $72.00 per barrel, while West Texas Intermediate (WTI) crude futures also gained 1.4% to $68.32 per barrel. Both
(Oil Price) – The International Energy Agency just threw a bucket of ice water on oil bulls, reporting that crude supply is outpacing demand by 600,000 bpd and slashing its demand outlook for the year. And the IEA isn’t alone. The world’s biggest oil traders are also sounding the alarm, turning bearish as overproduction ramps up both inside and outside OPEC.
(Oil Price) – Crude oil prices started the week with a jump following U.S. attacks on the Yemeni Houthis, with the Department of Defense stating the attacks will continue until the Houthis stop attacking ships traversing the Red Sea. At the time of writing, Brent crude was trading at $71.10 per barrel, with West Texas Intermediate at $67.70 per barrel, both up on opening and
(Investing) – LONDON -Oil prices were stable on Friday after a more than 1% loss in the previous session, as investors weighed the diminishing prospects of a quick end to the Ukraine war that could bring back more Russian energy supplies to Western markets. Brent crude futures were up 26 cents, or 0.37%, to $70.14 a barrel at 1322 GMT, after settling
(Investing) – Oil prices jumped on Wednesday, extending earlier gains that were powered by a weaker U.S. dollar, although persistent concerns over the impact of tariffs on global demand limited the uptick. By 11:00 ET (15:00 GMT), Brent futures had gained 1.8% to $70.83 per barrel, while U.S. West Texas Intermediate crude futures had climbed by 2.1% to $67.65 a barrel. The greenback
(Investing) – NEW YORK/LONDON – Oil prices were lower on Monday as concern over the impact of U.S. tariff uncertainty and rising output from OPEC+ producers pressured the commodity, while potential sanctions on Iranian oil exports kept prices from falling farther. Brent crude shed by 44 cents to $69.92 a barrel by 10:22 a.m. EDT (1522 GMT). U.S. West Texas Intermediate crude
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