Oil fell the most in more than two months on speculation that risks to Russian supplies could ease after President Donald Trump said he and Vladimir Putin had agreed to hold talks to end the Ukraine war.
West Texas Intermediate crude futures were trading near $71 a barrel after dropping 2.7% in the previous session, the biggest drop since late November. Brent settled near $75 on Wednesday. Trump said their teams would begin negotiations soon, and that he might meet Putin in Saudi Arabia.
U.S. sanctions on Moscow's oil sector have disrupted Russian crude flows, which helped support a surge in global crude prices earlier this year. But the market has been dragged down by Trump's tariff attacks, which have weighed on sentiment and prices for the past three weeks.
WTI for March delivery fell 0.2% to $71.25 a barrel at 7:35 a.m. in Singapore. Brent crude for April delivery settled 2.4% lower at $75.18 a barrel on Wednesday.
Source: Bloomberg
Oil prices $2 a barrel on Friday because of jitters about a possible increase in production by OPEC and its allies, while a weaker-than-expected U.S. jobs report fed worries about demand. Brent crude...
Oil prices were little changed on Friday (August 1st) and headed for weekly gains as investors weighed the impact of further import tariffs imposed by US President Donald Trump and the threat of sanct...
Oil prices were little changed on Friday (August 1st) and headed for weekly gains, as investors weighed the impact of further tariffs and sanctions from US President Donald Trump. Brent crude futures...
Oil is on track for the biggest weekly gain since mid-June after President Donald Trump ramped up pressure on Russia, as the market braced for the fallout from US tariffs that take effect on Frid...
Oil prices declined on Thursday as U.S. President Donald Trump's August 1 tariff deadline loomed over investors, with uncertainty surrounding countries yet to negotiate a trade deal with the U.S. Bre...
The Australian Dollar (AUD) remains under pressure against the US Dollar (USD) on Friday, giving back most of its earlier gains despite broad weakness in the Greenback following a disappointing Nonfarm Payrolls (NFP) data. The AUD/USD initially...
Oil prices $2 a barrel on Friday because of jitters about a possible increase in production by OPEC and its allies, while a weaker-than-expected U.S. jobs report fed worries about demand. Brent crude futures settled at $69.67 a barrel, down $2.03,...
The yen has suffered a difficult month, but BCA Research thinks the Japanese currency is primed for a multi-year rally. At 08:30 ET (12:30 GMT), USD/JPY traded 0.2% lower at Y150.49, having earlier in the session climbed as high as Y150.91, the...
Annual inflation in the United States (US), as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, rose to 2.6% in...
Asia-Pacific markets traded mixed Thursday as investors assessed the U.S.′ blanket 15% tariffs on imports from South Korea and awaited details on...
According to a report from the US Department of Labor (DOL) released on Thursday, the number of Americans filing new applications for unemployment...
The STOXX 50 dropped 1.1% and the STOXX 600 declined 0.8% on the first trading day of August, which coincided with the deadline for countries to...