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Oil down as demand woes overshadow US rate cut buoyancy

Oil prices fell today as worries about fuel demand in the US outweighed expectations that the year's first interest rate cut by the Federal Reserve would spur greater consumption.

Business • 5 hrs

Oil edges down as investors assess Russia supply risks

Oil prices eased today, after rising more than 1% in the previous session, as investors assessed Russian supply risks following Ukrainian drone attacks on energy infrastructure.

Business • 17 Sep

Oil awaits Zelenskiy-Trump meeting clues on peace deal

Oil prices held steady today as traders awaited clues from a meeting between US President Donald Trump and Ukrainian President Volodymyr Zelenskiy as they attempt to come to a peace deal to end Europe's deadliest war in 80 years.

Business • 18 Aug

Oil up as Iran-Israel conflict keeps floor under prices

Oil prices rose today, with analysts saying that uncertainty would keep prices elevated, even as there were no concrete signs of any production losses stemming from the Iran-Israel conflict.

Business • 17 Jun

Oil slips as Israel-Iran strikes spare key infrastructure

Oil prices edged down today, paring back Friday's 7% surge, as renewed military strikes by Israel and Iran over the weekend left oil production and export facilities unaffected.

Business • 16 Jun

Oil soars after Israel's strike on Iran alarms market

Oil prices jumped almost 7% today to multi-month highs after Israel launched strikes against Iran, sparking Iranian retaliation and raising worries about a disruption in Middle East oil supplies.

Business • 13 Jun

Brent and WTI oil prices were flat today after settling 0.5% higher on Friday

Oil steadies after Trump extends EU trade talks deadline

Oil prices steadied today after US President Donald Trump extended a deadline for trade talks with the European Union, easing concerns about US tariffs on the bloc that could hit fuel demand.

Business • 26 May

Despite the potential supply pressure, world oil prices are up over 1.5% this week

Oil heads for weekly gain but remains under hike pressure

Oil prices edged up today, heading for a second consecutive weekly gain on easing US-China trade tensions, although the optimism was somewhat offset by higher supply expectations from Iran and OPEC+.

Business • 16 May

World oil prices jumped about 4% today after the US and China said they would ease some of their tariff measures

Oil prices jump about 4% on US-China tariff reductions

Oil prices jumped by about 4% today after the US and China said they would ease some of their tariff measures, raising hopes of an end to the trade war between the world's two largest consumers of crude oil.

Business • 12 May

World oil prices are poised for a weekly gain of about 4%

Oil set for weekly gain ahead of US-China trade talks

Oil prices rose today, poised for a weekly gain as trade tensions between top oil consumers China and the US showed signs of easing and Britain announced a "breakthrough" US trade deal.

Business • 09 May

World oil prices marked a week-on-week decrease of over 1% on Friday on concerns about the impact of tariffs on the global economy

Crude oil prices drop on demand fears

Crude oil prices fell more than $1 a barrel today as demand fears arising from the trade war between the United States and China were pressing down demand at the pump.

Business • 28 Apr

World oil prices had dropped more than 2% yesterday

Oil prices stage recovery on new Iran sanctions

Oil prices rose more than $1 per barrel today as new US sanctions against Iran and rising equity markets helped spark a recovery rally from the prior session's steep selloff.

Business • 22 Apr

Global oil demand is expected to grow at its slowest rate for five years this year

Oil rises as US issues new sanctions

Oil prices rose more than $1 a barrel today on concerns about global supplies after Washington issued new sanctions targeting Chinese importers of Iranian oil.

Business • 16 Apr

The IEA has cut its forecasts for global oil demand growth to 730,000 barrels per day (bpd) this year from 1.03 million bpd, citing escalating trade tensions

Oil prices dip after IEA cuts demand growth outlook

Oil prices inched lower today after the International Energy Agency followed OPEC in slashing its oil demand forecast, though price falls were limited by US President Donald Trump's suggestion of some new tariff exemptions.

Business • 15 Apr

World oil prices have lost about $10 a barrel since the start of the month as a trade war between the world's two largest economies has intensified

Oil steady on tariff exemptions, rebound in China imports

Oil prices held steady today as exemptions for some electronics goods from US tariffs and data showing a sharp rebound in China's crude imports in March, were outweighed by concerns that the trade war could weaken global economic growth and dent fuel demand.

Business • 14 Apr

Brent and WTI are set to see weekly declines of 3.8% and 3.5%, respectively, having both lost about 11% last week

Oil prices set to drop for second week on trade war fears

Oil prices were heading for their second straight weekly fall today against a backdrop of investor concern over recession sparked by the burgeoning trade war between the United States and China.

Business • 11 Apr

Oil prices were down 2% today amid fears of a deepening US-China trade war

Oil retreats as US-China trade war escalates

Oil prices retreated 2% today as fears of a deepening US-China trade war and a possible recession eclipsed earlier relief created by President Donald Trump's announcement of a 90-day pause on some tariffs against most countries.

Business • 10 Apr

World oil prices fell again today to hit their lowest level since February 2021

Oil falls to lowest since February 2021 as tariffs hit

Oil prices fell for a fifth day to their lowest since February 2021 today on looming demand concerns fuelled by an escalating tariff war between the US and China, the world's two biggest economies, and a rising supply outlook.

Business • 09 Apr

World oil prices had slumped yesterday after US President Donald Trump's April 2 announcement of 'reciprocal tariffs' on all imports

Oil rises 1% but trades at multi-year lows

Oil prices ticked higher today but remained near four-year lows as recession fears exacerbated by trade conflict between the United States and China, the world's two biggest economies offset a recovery in equity markets.

Business • 08 Apr

World oil prices have dropped to their lowest since April 2021

Oil tumbles further on US-China trade tensions

Oil prices extended losses today, falling nearly 4% as escalating trade tensions between the US and China stoked fears of a recession that would reduce demand for crude while OPEC+ readies a supply increase.

Business • 07 Apr

Oil investors eye weaker demand following President Donald Trump's sweeping tariffs

Oil slumps over 7% on Trump tariffs, OPEC+ boost

Oil prices fell today as the decision by the OPEC+ group to speed up its unwinding of oil output cuts in May compounded already heavy losses following US President Donald Trump's announcement of sweeping new tariffs.

Business • 03 Apr

World oil prices rose more than 1% yesterday after US President Donald Trump announced a 25% tariff on countries importing oil and gas from Venezuela

Oil up for fifth day on concerns after Venezuela tariffs

Oil prices rose today for a fifth day on expectations that global supply may tighten after the US announced tariffs on countries that buy Venezuelan crude, although OPEC+ plans to go ahead with an output hike in May limited gains.

Business • 25 Mar

Investors are waiting for clarity on talks to end the war in Ukraine and weighed up the prospect of a resumption in crude exports from northern Iraq

Oil steady as traders hope for Ukraine peace deal

Oil prices steadied today as investors awaited clarity on talks to end the war in Ukraine and weighed up the prospect of a resumption in crude exports from northern Iraq.

Business • 24 Feb

Sanctions by the US and European Union on Russian oil exports have curbed its shipments and disrupted seaborne oil supply flows

Oil prices steady as Russia-Ukraine peace talks loom

Oil prices were little changed today, as investors eyed developments on a potential Russia-Ukraine peace deal that could ease sanctions disrupting global supply flows.

Business • 17 Feb

The oil market posted its third consecutive weekly decline last week on concerns about a global trade war

Oil prices advance despite concern over more US tariffs

Oil prices rebounded today despite lingering fears over a potential global trade war after US President Donald Trump's latest tariff plans, this time targeting steel and aluminium.

Business • 10 Feb

WTI