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Oil Markets Still Digesting Trump's Tariffs

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Reuters |
Oil prices plunged 7% on Friday to settle at their lowest in over three years as China ramped up tariffs on U.S. goods, escalating a trade war that has led investors to price in a higher probability ...
The New York Times |
Economists’ estimates have been far more grim, with most predicting that the president’s sweeping tariffs and likely retaliation will slow U.S. economic growth, push up costs for consumers and make l...

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Oil dives 7% to lowest in over 3 years on China's tariffs
Oil prices plunged 7% on Friday to settle at their lowest in over three years as China ramped up tariffs on U.S. goods, escalating a trade war that has led investors to price in a higher probability of recession.
Oil Set for Weekly Loss After Trump’s Tariffs, Surprise OPEC+ Hike
Oil prices were headed for a weekly loss of more than 5% after Trump’s tariff blitz and OPEC+’s plans for a larger-than-expected supply hike in May shook the market.
Hari: Oil Markets Still Digesting Trump's Tariffs
Oil prices fell as President Trump's tariffs spurred demand fears and OPEC+'s decision to increase output faster than previously announced. Vandana Hari, Founder of VANDA Insights told Horizons Middle East and Africa anchor Joumanna Bercetche,
What to Know About Trump’s New Tariffs
The president announced sweeping tariffs on Wednesday in an effort to reset global trading relationships. Here’s what you need to know.
Wall Street ends with heavy losses on fears Trump tariffs will trigger recession
S&P 500 companies lost a combined $2.4 trillion in stock market value in Thursday's selloff, their biggest one-day loss since the pandemic sent global markets into a tailspin on March 16, 2020.
Oil Producers Follow Trump’s Tariffs With a Surprise Increase
Saudi Arabia and other members of the OPEC Plus group accelerated their program to put more oil on the market, adding to a sharp fall in prices.
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