WTI crude oil futures hovered around $73.2 per barrel on Tuesday after a sharp decline in the previous session, as traders remain focused on President Donald Trump's wide-ranging set of tariffs.
Trump said he'd impose tariffs on foreign-produced goods such as steel, aluminum, and copper in the near future, raising concerns over the potential ripple effects on global demand for commodities. Additionally, his Treasury Secretary, Scott Bessent, is reportedly backing gradual universal tariffs on U.S. imports starting at 2.5%.
On Monday, crude prices slipped 2% amid a broad risk-off trade led by a slump in technology stocks, as well as weak manufacturing data from top oil importer China.
While the migrant dispute between the U.S. and Colombia has been settled for now, Trump's tariff threats against China, Canada and Mexico, along with his calls for OPEC to lower prices and boost U.S. production, continue to weigh on market sentiment.
Source: Trading Economics
Oil prices fell on Thursday (October 30th) as investors assessed the potential for a truce in the trade dispute between the United States and China. President Donald Trump lowered tariffs on China aft...
Oil edged lower as traders counted down to a summit between US President Donald Trump and Chinese counterpart Xi Jinping and, beyond that, an OPEC+ meeting on supply. West Texas Intermediate fel...
Oil prices were steady on Wednesday (October 29th) as investors weighed optimism over a meeting between the leaders of major consumers, the US and China, against expectations of an increase in product...
Oil held a three-day drop as investors assessed the impact of Western sanctions against leading Russian crude producers alongside a mixed industry estimate of US inventory changes. West Texas In...
Oil prices slipped about 2% on Tuesday, marking a third straight day of declines as investors considered the impact of U.S. sanctions against Russia's two biggest oil companies on global supply, along...
The European Central Bank (ECB) announced on Thursday (October 30th) that it kept its key interest rates unchanged after its October policy meeting, as expected. This decision leaves the main refinancing operations rate, the marginal lending...
The US dollar traded higher for the second consecutive day against a basket of currencies. The greenback strengthened sharply on Wednesday, following hawkish comments from Fed Chairman Jerome Powell, extending its gains to the 99.25 area in...
Gold prices jumped 2% on Thursday (December 30th), driven by a weaker dollar following the Fed's interest rate cut and as investors remained uncertain about the outcome of a trade deal between the presidents of the world's two largest...
Asian stock markets opened higher on Wednesday (October 29th), buoyed by positive sentiment from Wall Street. Investors are confident that the...
The European session on Tuesday, October 28, 2025, opened on a more cautious note. After consecutive rallies and a new record on the STOXX 600...
European stocks weakened slightly on Wednesday (October 29, 2025), after several consecutive days of record highs. The STOXX 600 index fell by...
Federal Reserve policymakers are widely expected to reduce U.S. short-term borrowing costs this week by a quarter of a percentage point for the...