Oil settles down more than 2% after US crude stocks build, OPEC+ hike, US tariffs
Oil prices settled down for the fourth consecutive session on Wednesday after U.S. crude oil stockpiles posted a larger-than-expected build, adding a further headwind as investors worried about OPEC+ plans to increase output in April and U.
U.S. Crude Oil Stockpiles Rise More Than Expected
U.S. crude oil inventories rose by 3.6 million barrels last week, which was more than expected, resuming an upward trend after a surprise drawdown the week before.
3 Top Oil Stocks to Buy With Crude Hovering Around $70 a Barrel
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Brent down 3% after hitting 3-year low on US crude build, OPEC+ hike, US tariffs
Global benchmark Brent was down nearly 3% on Wednesday, recovering slightly from a three-year low hit earlier in the session, after U.S. crude oil stockpiles posted a larger-than-expected build, adding a further headwind as investors worried about OPEC+ plans to increase output in April and U.
Oil Prices Slide on Jitters Over Trump’s Tariffs and OPEC Increases
The international benchmark fell to its lowest point since 2021 after a decision by Saudi Arabia and other producers to pump more crude surprised the markets.
Crude oil slides to lowest since September as build in U.S. stockpiles latest 'bear bomb'
Benchmark crude oil futures extended their recent slide Wednesday in the wake of bearish signals led by OPEC's decision to bringing back withheld production, potential economic effects of U.S. trade tariffs,
Oil extends losses on new US tariffs and Opec+ supply boost
Oil prices fell further on Wednesday, adding to a roughly 3 per cent drop in prices so far this week, as the market reacted to new US tariffs that could hinder economic growth and Opec+'s plan to boost output starting next month.
After Trump's tariffs, Mexico seeks Asian and European crude oil buyers
By Adriana Barrera and Stefanie Eschenbacher MEXICO CITY (Reuters) -Mexican state company Pemex is in talks with potential ...
Crude Oil Price Outlook – Crude Oil Continues to Look Threatened
The crude oil market attempted to break higher in the early hours on Thursday, as traders are busy looking for the overall global economy to slow down. Remember, while the season for higher demand is ...
US Refiners Are Placing Fewer Orders for Mexican Crude Oil
US Gulf Coast refineries had already been placing fewer orders for crude oil from Mexico even ahead of President Donald Trump ...
Crude oil futures rebound after Wednesday’s fall
Crude oil futures rebounded from Wednesday’s lows after the US offered some concessions on recent tariffs.
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U.S. Oil Exports to India Jump Amid Sanctions on Russia
U.S. crude oil exports to India reached a two-year high in February as Indian refiners sought alternative supplies due to U.S ...
Crude Oil Price Outlook – Crude Oil Continues to Plunge
The crude oil market continues to look very soft, as we are now looking to break below the overall three year range.
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Group commends Tinubu on improved crude oil production
We remain confident that with sustained reforms and proactive governance, Nigeria’s oil industry will regain its position as ...
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Indonesia Bets Big on Oil With $12.5 Billion Refinery Gamble
You are an editor for a website. Write 10 exciting titles for this article, then write one short declarative sentence ...
Exclusive: After Trump's tariffs, Mexico seeks Asian and European crude oil buyers
Mexican state company Pemex is in talks with potential buyers in Asia, including China, and Europe, as it seeks alternative ...