Trump's victory may pressure oil prices through 2025, Citi says
Citi forecasted on Wednesday that U.S. President-elect Donald Trump's second term could exert downward pressure on oil through 2025, with Brent crude forecasted to average at $60 per barrel, primarily due to potential trade tariffs and increased oil supply.
Oil Prices Fall as Trump Inches Toward Victory
Early results of the US elections and a bearish inventory report caused oil prices to decline in early Asian trade, despite ongoing concerns about potential supply disruptions in the Middle East.
Trump Sends Oil Prices Down, Oil Stocks Up. What’s Going On?
Crude oil prices were falling on Wednesday morning even as major oil companies rallied. Brent crude was recently down about 0.5%, while a basket of U.S. oil and gas exploration and production companies were up 3.
Oil falls after Trump election as US president sends dollar higher
Oil prices fell more than 1% on Wednesday after Republican Donald Trump was elected president, pushing the dollar higher. Trump, 78, recaptured the White House by securing more than the 270 Electoral College votes needed to win the presidency,
Oil Stocks Rise as Trump Prepares to Return to Presidency
KEY TAKEAWAYS U.S. oil company stocks rose Wednesday, with former President Donald Trump, viewed as a big backer of increased oil supply, set to return to the White House.Shares of ExxonMobil, Chevron,
Oil Futures Fall As Trump Wins Back White House
Crude futures were lower, reflecting expectations of increased U.S. supply and a potential demand slowdown tied to a tariff-driven approach toward key trading partners, particularly China, Rystad Energy said,
Oil falls as Trump victory pushes dollar higher
Oil prices fell about 3% on Wednesday as the U.S. dollar rallied on Donald Trump's election as president. Investors believe a Trump presidency will bolster the dollar as interest rates may need to remain high to combat inflation resulting from any new tariffs and polices that may further pressure China's economy,
Oil pares losses after falling 2% as dollar jumps on Trump victory
Oil futures dropped as much as 2% on Wednesday before paring losses as traders weighed what Donald Trump's presidential victory could mean for energy prices. On Wednesday West Texas Intermediate ( CL=F) futures hovered around $72 per barrel while Brent ( BZ=F ),
Oil prices end with a modest loss as Trump’s win lifts the dollar
Oil futures turned higher in Wednesday dealings, with U.S. prices finding support after a brief drip below $70 a barrel as ...
Wall Street Journal19h
Oil Prices Drop After Trump Victory
Oil prices fell as Donald Trump secured the presidency. Brent, the global benchmark for crude oil, fell nearly 2% to ...
Crude oil prices today: WTI is trading at $71.26
WTI futures traded around $71.26 per barrel, as of 9 a.m. ET. That’s an increase of 0.79% in the last 24 hours.
Oil prices end at highest in a week after OPEC+ delays output hike by another month
Oil futures finished sharply higher Monday after OPEC+ said it would wait another month before beginning to unwind voluntary ...
Oil prices rely on geopolitics regardless of who wins election, says RBC's Helima Croft
Helima Croft, RBC Capital Market's head of global commodity strategy weighs in on how the energy sector would be impacted by ...
Oil prices edge up on Gulf of Mexico storm ahead of US election results
Oil prices traded in a narrow range on Tuesday ahead of what is expected to be an exceptionally close U.S. presidential ...
Crude Oil Prices5h
OPEC+ Tapering Mechanisms Will Continue To Dictate Oil Prices
Commodity experts at Standard Chartered have predicted that actions by OPEC+ are likely to determine the near-and mid-term oil price trajectory ...
cbc.ca on MSN1d
Three years of roaring oil prices could be coming to an end
Ever since Russia invaded Ukraine in February 2022 and oil prices soared around the globe, the oil industry has enjoyed three ...
Brent Crude - Oil Prices Rise As OPEC+ Extend Output Cuts
Oil prices opened $1 dollar higher following the weekend to trade at 73.80 a barrel when markets opened. Click to read.
Aramco profits fall on tumbling oil prices
Saudi Arabian oil giant Aramco reported third-quarter profits of $27.5 billion on Tuesday, down about 15 percent from last ...
Iran oil prices to China at multi-year high after exports fall, sources say
Discounts on Iranian crude oil sold to China are at their tightest in around five years as lower exports drive up prices amid ...