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Oil Prices Fall

Bloomberg on MSN · 2d

How Tariffs and OPEC+, Oddly Enough, Are Driving Down the Price of Oil

When US President Donald Trump was inaugurated to his second term as president on Jan. 20, oil prices were close to the highs of the summer before. By early May, they had plunged by nearly a quarter.

Why are oil prices falling? And what does it mean for Long Islanders?

Lower fuel costs could create savings for consumers, but economic threats posed by tariffs still a concern, a local economist said.

Why oil prices are falling, and what it means for the economy

Here's a breakdown of the forces that are buffeting oil prices, and what it means for individuals and the economy.

Oil, China and Trade Talks

Reuters on MSN · 5h

Oil prices rise 3% on support from US-China trade hopes

Oil prices rose around 3% on Thursday, buoyed by hopes of a breakthrough in looming trade talks between the U.S. and China, the world's two largest oil consumers.

Wall Street Journal · 1h

Oil Edges Higher Amid Optimism Over U.S.-China Trade Talks

Oil edged higher amid optimism over U.S.-China trade talks. Trump has sounded an optimistic note about U.S.-China talks scheduled for this weekend in Switzerland.

Barron's · 17h

Oil Prices Climb Ahead of U.S.-China Talks

Oil prices ticked higher in early trading supported by optimism over upcoming trade talks between Washington and Beijing. Brent crude rose 0.4% to $61.34 a barrel, while WTI was up 0.5% to $58.34 a barrel.

6hon MSN

Trump Has Opened the Door to a New Saudi Oil-Price War

Markets should prepare for a sharp downturn in the oil price, analysts with a satellite oil-tracking firm write in a guest ...

Tight Now, Loose Later: Oil Futures Flash Warning

Analysts expect oil prices to remain subdued short term, with a slow recovery later in 2025 as U.S. output declines.

5hon MSN

As the oil industry freezes up, ConocoPhillips CEO warns against cutting production too fast: ‘Don’t whipsaw this thing too hard right now’

The ultimate depth and duration of this current price environment remains unclear,” said ConocoPhillips chairman and CEO Ryan ...

2d

Trump Says With Lower Oil Prices, Putin Is More Eager to Settle the Ukraine War

MOSCOW (Reuters) -U.S. President Donald Trump said Moscow and Kyiv want to settle the war in Ukraine and that Russian ...

Russian Oil and Gas Revenues Dipped by 12% With April Price Crash

Russia's oil and gas revenues plunged by 12% in April, with full-year forecasts slashed by 24% due to tumbling oil prices and ...

5h

Athabasca Oil: Benefitting From The Trans Mountain Expansion Pipeline Startup

Athabasca Oil thrives with Trans Mountain Pipeline and Cenovus partnership, doubling EPS amid good thermal oil margins. Click ...

3don MSN

Home heating oil and fuel prices drop to 2021 levels

The price of home heating oil and fuel in Northern Ireland is at its lowest level since 2021, and the advice is to buy now – ...

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