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EU Imposes New Sanctions on Russia and Its Oil Trade
The European Union has approved a new package of sanctions on Russia, including restrictions on banking and fuels made from Russian petroleum, and a revised oil price cap – the 18th raft of measures since the country’s full scale invasion of Ukraine.
U.S. stock-market futures declined as the Trump administration said a broad swath of tariffs against U.S. trade partners ...
Analysts and investment banks predict oil prices will remain below $70 per barrel for the rest of 2025 due to market ...
Oil prices declined today, July 15, as immediate concerns over supply subsided, following US President Donald Trump’s ...
Oil prices slumped more than 2% on Friday on investor skepticism about the depth of OPEC+ supply cuts and concern about sluggish global manufacturing activity.
U.S. gasoline and diesel prices rose for a second week due to tight inventories and strong demand, pressuring inflation ...
Crude oil and gasoline prices on Tuesday fell sharply, with crude dropping to a 1-1/2 week low. ... The consensus is that Wednesday's weekly EIA crude inventories will fall by -575,000 bbl, ...
The strongest action was in the oil market, where the price of a barrel of benchmark U.S. crude jumped 6.8% to $72.65. Brent crude, the international standard, rose 7.1% to $74.30 for a barrel.
Oil soared 34 percent to nearly $124 a barrel from Feb. 23, the day before Russia launched its attack, to March 8. Prices have retreated since, and futures contracts for the US benchmark, known as ...
Oil prices fell to the lowest levels since January as fears about a global recession accelerated and the dollar strengthened further. U.S. benchmark WTI traded at $78.91 a barrel, sliding 5.5%.
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