More like Obliteration Day than Liberation Day, at least in the minds of investors. In a spectacle at the White House Wednesday afternoon marketed as “Liberation Day,” President Trump uncorked a baseline tariff rate of 10% that will go into …
Category
Showing: 172 RESULTS
Economic News
Goldman cuts oil price forecasts amid tariff fears, higher OPEC+ supply
(Reuters) – Goldman Sachs lowered its forecast for Brent crude’s average price this year by 5.5% to $69 a barrel and for WTI prices by 4.3% to $66, citing the risks of higher OPEC+ supply and the global trade war …
Oil set for worst week in months over Trump’s new tariffs
(Reuters) – Oil prices fell further in early Asian trade on Friday, and were on track for the worst week in months over U.S. President Donald Trump’s new tariffs, stoking concerns over a global trade war that could weigh on …
Oil prices are crashing after tariffs and OPEC deliver a double whammy to energy markets
imaginima/Getty Images US oil prices tanked more than 7.5% on Thursday. Trump’s tariffs are battering energy markets as recession fears climb. A surprise decision by OPEC+ to boost oil output accelerated the decline. The market meltdown is reaching beyond stocks, …
Dollar fragile as traders take stock of tariff fallout ahead of US jobs report
By Kevin Buckland TOKYO (Reuters) – The U.S. dollar struggled to regain its footing with the safe-haven yen hovering near a six-month peak on Friday, as traders took stock of the fallout from President Donald Trump’s aggressive and far-reaching new …
Oil tanks 6% amid ‘panic selling’ as Trump tariffs, OPEC+ supply increases send prices reeling
Oil futures tanked more than 6% on Thursday as Trump’s tariffs sent financial markets reeling and new global supply developments suggested the balance in the global oil market would remain under pressure. The price of West Texas Intermediate (CL=F), the …