U.S. Tariffs Spark Oil Supply Worries

U.S. Tariffs Spark Oil Supply Worries

Traders Eye Supply Tightness and Tariff Pressures Light crude oil is posting a solid weekly gain, closing near $69.90 on Thursday, up roughly 2.4%, as traders responded to tightening global supply and rising geopolitical risks. However, prices struggled to sustain momentum above the $70 mark, constrained by macroeconomic uncertainty and strong technical resistance. The interplay between sanctions, tariffs, and demand signals created a complex ba…

Oil prices fell on March 28, but are holding near one-month highs due to a worsening global supply outlook following U.S. tariffs against countries that buy oil from Venezuela and restrictions on Iranian oil trade.

Oil heads for third straight weekly gain amid US tariffs and curbs on Iran supply

US to levy 25 per cent tariff on all goods from any country that imports Venezuelan oil starting next week

Oil Prices Surge For Third Straight Week As U.S. Tariffs Loom

Oil is set for its third consecutive weekly gain as markets brace for new tariffs from the Trump administration, scheduled to take effect...

Trade war raises investor fears of possible recession

Oil prices drop 1%

NEW YORK Oil prices eased about 1% on Friday as traders worried that Washington’s tariff wars could spark a global recession, but for the week, prices were headed for their third weekly gain as the US ramped up pressure on Venezuela and Iran. Brent crude futures were down 67 cents, or 0.9%, to $73.36 a barrel by 1614 GMT. US West Texas Intermediate crude futures fell 83 cents, or 1.2%, to $69.09 a barrel. US President Donald Trump plans to annou…