Oil, gasoline prices jump after Trump slaps tariffs on Canada crude
Oil futures were up sharply Monday after President Trump over the weekend slapped tariffs on Canada, Mexico and China, sparking worries over U.S. crude imports, though upside was limited by concerns a trade war would dent demand.
Oil Rises as U.S. Tariffs Spark Supply Concerns
Oil prices jumped in early trade after U.S. President Trump imposed hefty tariffs on major trading partners, raising fears of supply disruptions. Brent crude was up 1.3% to $76.64 a barrel, while WTI rose 2.
Trump Tariffs Could Hurt Oil Companies and Increase Gas Prices
Some oil refineries will probably struggle to replace imported crude oil if President Trump imposes 25 percent tariffs on products from Canada and Mexico.
US Oil Outpaces Global Price Gains as Tariffs Menace Supply
The US crude benchmark outpaced gains in other oil markets after President Donald Trump announced tariffs that threaten flows from two of America’s biggest foreign suppliers.
Oil Prices Start the Week Higher Following Trump’s Tariffs
Oil prices rise on the first day of trade after the US imposed tariffs on Canada and Mexico, with analysts divided on the long-term impact.
Oil prices post weekly drop as outline of Trump’s tariff plans emerges
Oil futures ended lower Friday, contributing to a loss for the week, though prices held on to a gain for the month as traders awaited a tariff decision by President Donald Trump on crude imports from Canada and Mexico.
Why Trump is going to have a hard time lowering oil prices
"Despite the 'energy emergency' claims, the US is producing energy in record quantities," JPMorgan Asset Management wrote.
Trump’s Tariffs to Have Limited Impact on Oil and Gas Prices, Goldman Says
The U.S. tariffs are expected to have a limited impact on oil and gas prices in the near term as global oil demand and production will largely remain unaffected as the levies are likely to be temporary,
Oil prices gain as Trump tariffs stoke supply worries
Oil prices rose on Monday after U.S. President Donald Trump imposed tariffs on Canada, Mexico and China, raising fears of supply disruption, though gains were capped by concern over what could be an economically damaging trade war.
How Trump Tariffs Can Impact Us, Canada Oil Trade
Oil moved higher as President Donald Trump placed hefty tariffs on a range of imports from Canada, Mexico, and China. Energy from Canada faces a reduced levy of 10%, which includes roughly 4 million barrels a day of crude flows.
OPEC+ rolls over oil policy, ditches US government data
OPEC+ agreed to stick to its policy of gradually raising oil output from April on Monday and removed the U.S. government's ...
Trump’s Bid for More Oil Is a Hard Sell for Allies in U.S., Saudi Arabia
The president says lower prices could solve a range of problems, but finds early resistance in the oil market.
Ship New to Russia Oil Trade Docks at Port Shaken by Sanctions
A tanker new to the Russian oil trade docked at the Pacific port of Kozmino over the weekend, as merchants seek to rebuild ...
Vitol sees 2040 global oil demand little changed from current levels
Global oil demand will likely be close to current levels in 2040, energy and commodities trader Vitol said in its long-term ...
Dem bill blames LA wildfire damage on fossil fuel emissions, holds oil and gas industry liable
California Democrats are seeking to make the oil and gas industry pay for damages from the Los Angeles wildfires, shifting ...