Oil prices steady after fall to 6-month lows on tariff worries, OPEC+ supply

Oil futures were little changed early Thursday, attempting to find their footing after ending the previous session at six-month lows.

Topics

Oil prices fall after Opec+ confirms it will increase crude production

Traders had been expecting cartel to postpone its plan to boost output
Financial Times - 2d
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
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 - 18h
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 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 - 17h
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
Could flu shot supply fall short this year? FDA's canceled meeting sparks worries

The FDA’s abrupt decision to cancel next month’s vaccine advisory committee meeting is raising concerns about whether the U.S. will have enough of the vaccine for the next flu season.
NBC News - 6d
Oil price tumbles to 3-year low on fears trade war will hit demand

Brent drops below $70 a barrel following larger-than-expected increase in US crude stocks
Financial Times - 22h
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
Falling oil prices have hurt energy stocks. But there's a clear bright side for our portfolio

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
CNBC - 20h
Consumer confidence sinks to 8-month low on worries about inflation and Trump tariffs

A postelection high in consumer confidence after the election of Donald Trump has petered out, as the public digests major upheavals in U.S. economic policies by the new White House.
MarketWatch - Feb. 25
European stocks fall after Trump’s tariff warnings

US president has threatened 25% duties on EU imports as well as levies on other major trading partners
Financial Times - 6d
Abercrombie & Fitch’s stock falls to 15-month low as retailer weighs tariff impact

Abercrombie & Fitch also approved a $1.3 billion share-repurchase program, including $400 million in 2025.
MarketWatch - 23h
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
Turkey cuts interest rates to 42.5% after inflation falls to 2-year low

Borrowing costs reduced for third month running after price rises ease to below 40% for first time since June 2023
Financial Times - 1h
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 fall after Trump confirms Mexico, Canada tariffs are set to begin

Stocks fell after President Trump confirmed 25% tariffs on nearly all goods from Mexico and Canada are set to begin. CBS MoneyWatch correspondent Kelly O'Grady reports.
CBS News - 2d
Stock markets fall after US tariffs spark trade war fears

Stock markets in the US, Asia and the UK dip after Trump tariffs kicked in and spark retaliation.
BBC News - 1d
High housing costs and low home supply are stifling American mobility

American opportunity has been synonymous with people on the move, but high housing costs and low home supply has stifled American mobility. Yoni Appelbaum joins to discuss.
CBS News - Feb. 26
Bitcoin falls below 90K in 3-month low

Bitcoin fell below $90,000 on Tuesday, marking a three-month low for the popular cryptocurrency. The price of Bitcoin dropped more than 8 percent to $87,262 as of Tuesday afternoon, according to ...
The Hill - Feb. 25
Tariffs Add a New Shock to Food Supply Chains

Companies made their supply chains stronger and more flexible because of the Covid pandemic. But they weren’t banking on tariffs.
The New York Times - 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
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
Key Interest Rate Falls as Worries About the Economy Rise

Investors’ increasingly gloomy sentiment about economic growth appears to be driving down the 10-year Treasury yield.
The New York Times - 2d
Wall Street stocks steady at end of volatile month despite Trump tariff threats

S&P 500 rises 1.6% to trim February’s losses
Financial Times - 5d
Low energy prices sting Aramco profits and squeeze Saudi development plans

Saudi Arabia’s state-owned oil giant Aramco has reported a $106.25 billion profit in 2024, down 12% from the prior year on lower energy prices
ABC News - 2d
Oil prices end higher as U.S. imposes more sanctions on Iran

Oil futures finished higher on Monday, with prices finding support after a nearly 3% decline Friday, as the U.S. imposed fresh sanctions on Iran, impacting its crude sector.
MarketWatch - Feb. 24
Oil prices post a loss in February as U.S.-Ukraine tensions feed uncertainty

Prices on Friday finished off at the session’s lowest levels after a tense meeting between U.S. President Donald Trump and Ukrainian President Volodymyr Zelensky dashed hopes for a Ukraine-Russia ...
MarketWatch - 5d
Gazans Worry as Israeli Border Block Sends Food Prices Climbing

The halt on aid and commercial goods was intended to put pressure on Hamas, but it is already having a broader effect, Palestinians say.
The New York Times - 2d
Refugees in Kenya’s Kakuma camp clash with police after food supplies cut

Teargas fired during protest at reduced rations after US aid freeze wipes out half of World Food Programme budget. Thousands of refugees clashed with police in a Kenyan refugee camp this week after ...
The Guardian - 21h
FDA says Ozempic, Wegovy are not in short supply anymore, which could impact prices

The U.S. Food and Drug Administration said Ozempic and Wegovy, the popular GLP-1 drugs for diabetes and weight loss, are no longer in short supply. CBS News New York reporter Ali Bauman reports on ...
CBS News - Feb. 22
Nvidia shares fall 9% on tariff fears

The company's stock price is down 13% since it reported earnings last Wednesday.
CNBC - 2d
As the price of bitcoin falls, you can leverage this tax 'loophole,' experts say

With the price of bitcoin down from a record high in January, there could be opportunities for a tax break, experts say.
CNBC - 5d
Bitcoin price falls by 17.5% in biggest monthly loss since 2022

Cryptocurrency slipped into technical bear market, before Donald Trump talked up plans for Crypto Strategic Reserve. Bitcoin has recorded its largest monthly loss since June 2022, pushing it into a ...
The Guardian - 3d
Eurozone inflation falls to 2.4% as underlying price pressures ease

Drop will bolster ECB rate-setters’ confidence in cutting interest rates this week
Financial Times - 3d
Canada-U.S. Relations Continue to Reach Lows Over Tariffs and Annexation Threats

President Trump said he would impose potentially devastating tariffs on Tuesday, inspiring patriotism in Canada.
The New York Times - 4d
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
U.S. Consumers Are Increasingly Worried About Trump’s Tariff Plans

The Consumer Sentiment Index hit its lowest reading since November 2023.
Inc. - Feb. 21
Business owner worries over impact of President Trump's new tariffs

Following President Trump's new tariffs against Mexico, Canada and China, some companies, like Best Buy and Target, say price hikes are expected. The head of a Canadian company who supplies molds ...
CBS News - 1d

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