Oil Prices Drop on Trumps Tariffs and Opec Increases
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Oil Prices Drop Amid Concerns 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.The New York Times - 5h -
Oil prices end lower on plans for OPEC+ output hike and Trump’s tariffs
Oil futures declined Monday after OPEC+ said it will boost output starting in April, and as President Donald Trump’s planned tariffs on imports from Canada and Mexico threatened to slow demand for ...MarketWatch - 2d -
Oil prices fall after Opec+ confirms it will increase crude production
Traders had been expecting cartel to postpone its plan to boost outputFinancial Times - 2d -
Oil ends at lowest price since September on tariff worries, OPEC+ output plans
Oil declined for a fourth straight session Wednesday, settling at its lowest price since September, on prospects for a global trade war that could dent demand and plans by major oil producers to ...MarketWatch - 6h -
Oil Prices Fall After OPEC Plus Affirms Plan to Raise Production
The Saudi-led cartel said its members would start gradually pumping more oil in April.The New York Times - 2d -
Trump’s tariffs take effect: What prices are set to increase?
President Donald Trump’s sweeping tariffs on imports from Canada, Mexico and China took effect at midnight. Reporting for TODAY, NBC’s Christine Romans says it’s only a matter of time until ...NBC News - 1d -
Will Trump's tariffs increase inflation?
Canada slapped a 25% retaliatory tariff on $155 billion worth of American goods on Tuesday after the Trump administration implemented its own 25% tariffs on nearly all imports from Mexico and ...CBS News - 1d -
Best Buy shares plunge as CEO warns price increases are 'highly likely' due to Trump tariffs
Best Buy beat Wall Street's fourth-quarter earnings and revenue estimates as the company's computing and phone sales increased.CNBC - 1d -
Trump threatens increased tariffs if Canada retaliates
President Trump on Tuesday threatened to add additional taxes on Canada if the U.S.'s northern neighbor Canada retaliates with its own, after Canadian Prime Minister Justin Trudeau slammed Trump’s ...The Hill - 1d -
OPEC+ will start long-delayed oil production hike
A group of oil-producing countries known as OPEC+ will proceed with a long-delayed hike in oil production. Eight countries that have repeatedly delayed production increases will now move forward ...The Hill - 2d -
Best Buy CEO says tariffs make price increases for Americans highly likely
Tariff uncertainty is adding to the pressure on consumers caused by a long period of high inflation, sending the retailer’s stock toward its worst day in more than 3 yearsMarketWatch - 1d -
China accuses US of 'blackmail' after Trump warns of increased tariffs
China’s officials condemned President Trump for his decision to add a 10 percent tariff on Chinese imports over the country’s alleged complicity in the international smuggling of fentanyl, a deadly ...The Hill - 5d -
Treasury Secretary Bessent says Trump tariffs won't cause inflation to increase
The Treasury secretary's comments come just two days before the tariffs are scheduled to go into effect.CNBC - 3d -
Oil prices settle at lowest level of the year as tariff threat hurts demand outlook
Oil futures settled Tuesday at their lowest level of the year, with the economy and energy demand expected to take a hit from proposed U.S. tariffs on Canada and Mexico that may come into effect ...MarketWatch - Feb. 25 -
Oil prices hold at 2025 lows on tariff fears, prospects for end to war in Ukraine
Oil futures settled lower Wednesday, with concerns over the global economic outlook and potential for an end to Russia’s war against Ukraine that could lift sanctions on Moscow prompting prices to ...MarketWatch - Feb. 26 -
Trump’s Tariffs Are Raising Costs for One of His Favorite Industries: Oil
The cost of steel pipe used to line oil and gas wells rose after President Trump said he would impose tariffs on steel and aluminum imports.The New York Times - 5d -
Trump Tariffs Rattle Border Businesses as They Hike Prices
Uncertainty and the threat of further disruption prompt big changes and plenty of worries at small companies that depend on cross-border business.Inc. - 1d -
Trump tariffs could raise US fuel prices
President Trump’s tariffs on Mexico and Canada could raise energy prices for U.S. consumers. On Tuesday, tariffs against both of America’s neighbors took effect. The broader tariffs included a 10 ...The Hill - 1d -
Trump tariffs could raise fuel prices
Click for more from The Hill. {beacon} Energy & Environment Energy & Environment The Big Story Trump tariffs could raise fuel prices President Trump’s tariffs on Mexico and Canada could raise ...The Hill - 1d -
Trump says Canada, Mexico tariffs will go into effect Tuesday, China tariffs to increase
President Trump confirmed Thursday that tariffs he had threatened and then delayed against Canada and Mexico are set to go into effect next week, while China will face increased tariffs as part of ...The Hill - 6d -
Oil prices settle higher after Trump moves to end Venezuela crude deal
Oil futures settled higher Thursday, finding support a day after President Trump said he was revoking a license issued by the Biden administration that had allowed Chevron to produce oil in Venezuela.MarketWatch - 6d -
Stocks drop over concerns of a trade war sparked by Trump's tariffs
Concern is growing over the impact of President Donald Trump’s trade war against the United States’ three most important trading partners: Mexico, Canada and China, who are all vowing to retaliate. ...NBC News - 14h -
Trump Says Canada and Mexico Tariffs Will Start March 4, Plus an Increase on China
The president also said he would impose an additional 10 percent tariff on China as he tries to force other countries to take more action on drug shipments.The New York Times - 6d -
China announces their own retaliatory tariffs after Trump increases levies against Beijing
China has announced retaliatory tariffs against U.S. food imports in response to President Trump's increased levies on Chinese goods. CBS News foreign correspondent Anna Coren has more.CBS News - 1d -
OPEC+ plan to lift output pulls Brent oil to lowest finish since September
Oil futures settled lower Tuesday, with global benchmark prices ending their lowest since November, a day after the Organization of the Petroleum Exporting Countries and its allies said they would ...MarketWatch - 1d -
Trump's new tariffs could hike car prices by $12,000, report says
Here's how new tariffs on Canada, Mexico and China could impact car prices for consumers, according to a new analysis.CBS News - 2d -
These products could see price hikes under Trump's new tariffs
Consumers are likely to face higher costs for some imported goods, experts say. Here's the potential impact on your wallet.CBS News - 1d -
Target and Best Buy warn of price hikes from Trump's tariffs
Wall Street investors, retail executives and economic analysts are sounding growing alarms that the new administration’s trade policies could pinch shoppers and the economy.NBC News - 1d -
How will Trump address rising prices as new tariffs take form?
President Trump's tariffs on goods from Canada, Mexico and China are bound to increase prices for Americans. CBS News' Weijia Jiang reports as Mr. Trump prepares to address both chambers of Congress.CBS News - 1d -
US consumers warned to brace for higher prices due to Trump’s tariffs
Prices ‘highly likely’ to rise almost immediately, retailers say, after 25% duty hits exports from Mexico and Canada. Trump’s Congress speech – latest updates Americans have been warned to ...The Guardian - 1d -
Companies brace for price pressures as Trump tariffs start to bite
Manufacturing, retail and food sectors highlight coming shocks after duties on Canada, Mexico and China are imposedFinancial Times - 1d -
How Trump's Canada and Mexico tariffs risk higher prices on cars
President Donald Trump’s decision to impose a 25% tariff on all imports coming into the U.S. from Canada and Mexico is expected to take a particular toll on the U.S. auto industry.NBC News - 1d -
Target, Best Buy warn of higher prices over Trump tariffs
Target and Best Buy warned on Tuesday that shoppers should expect to see higher prices on certain goods as President Trump's tariffs on Mexico, Canada and China go into effect and those nations ...The Hill - 1d -
North American pipeline company warns Trump tariffs will hit fuel prices
TC Energy chief says continent needs to deepen cross-border ties to avoid inflation and protect energy securityFinancial Times - 10h -
Trump tariffs 101: A tax on Americans that raises prices and lowers incomes
Congress has given the president the power to impose new taxes.MarketWatch - 6h -
Trump tariffs will mean higher prices for consumers, retailers say
Retailers including Best Buy and Target are warning that Trump administration tariffs will force them to hike their prices.CBS News - 5h -
Oil prices end lower, erasing weekly gains
“A number of decisions are pending … that could drive the oil price in one direction or the other,” one analyst noted.MarketWatch - Feb. 21 -
Bitcoin drops to lowest price in 3 months
Bitcoin has dropped to its lowest price in three months as the Trump administration embraces cryptocurrency. CBS MoneyWatch correspondent Kelly O'Grady reports.CBS News - Feb. 25 -
Stocks kick off March with biggest drop in months as Trump tariffs rattle market
U.S. stocks endured another serious setback on Monday as what one trader described as a tariff “tape bomb” from President Trump caused the S&P 500 to tally its biggest daily drop in months.MarketWatch - 2d -
U.S. considers increasing egg imports amid skyrocketing prices
Strategy to fight avian influenza includes vaccine research and more money for biosecurity, USDA says.CBS News - Feb. 26