Oil prices eased on Tuesday from a two-week high reached during the previous session after the U.S. and China agreed to temporarily slash tariffs, sparking optimism that a trade war between the world'
Oil edged lower in the early Asian session amid prospects of Russia-Ukraine peace talks that may result in an easing of sanctions on Russian oil products.
Oil markets moved higher on tariff optimism.
The crude oil markets have rallied nicely in the early hours of Monday, as the United States and China have decided to cut tariffs drastically, to give them 90 days to work out a deal.
The oil market rebounded from the long-term support zone following the US-China trade truce, but the long-term trend remains negative.
Washington and Beijing agreed over the weekend in Switzerland to slash sky high tariff rates by 115%, U.S. Treasury Secretary Scott Bessent said Monday. Oil prices had plunged the lowest level in four
Crude oil surges over 3% as US-China tariff pause lifts oil demand outlook; traders eye key resistance at the 50-day moving average for a potential bullish breakout.

Saudi Aramco earnings hit by crude price drop

04:06am, Monday, 12'th May 2025
Saudi Aramco reported first-quarter profits of $26 billion, a 4.6% drop from the same period last year, as weaker oil prices weighed on earnings. The state-owned energy giant generated $108.1 billi
WTI crude oil tests $62.93 resistance after a key breakout. Can the rally continue, or is a correction ahead?
Oil prices rose on Monday after both sides in U.S.-China trade talks over the weekend touted their progress, which lifted market sentiment that the world's two largest crude users may be moving toward

Oil Rises Amid Improved Market Mood

07:48pm, Sunday, 11'th May 2025
Oil rose in early Asian trade amid an improved market mood after U.S. and Chinese officials concluded weekend trade talks.
Crude oil prices rebound 4.7% as trade optimism and strong China demand improve sentiment. OPEC supply plans remain a near-term cap on bullish oil outlook.
Saudi Aramco's first-quarter net profit fell 5% year-on-year amid lower oil prices and production.

Oil at $50? The High Cost of Cheap Crude.

07:51pm, Friday, 09'th May 2025
Oil prices are falling as the commodity gets squeezed by supply and demand woes: rising output from OPEC and soft demand from tariffs. Investors hope the big producers retrench.
The major oil producers known as OPEC+ did exactly what U.S. President Donald Trump has been asking for — and American producers may be the ones to soon pay the price.
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