Energy News Results

  • *WTI oil futures lose more than 1% for the week

    (END) Dow Jones Newswires 08-23-19 1441 ET Copyright (c) 2019 Dow Jones& Company, Inc..

  • Oil prices may drop back toward the year's lows near $50 a barrel

    China is world's largest oil importer, US is largest producer. China announced plans for retaliatory import tariffs on U.S. goods on Friday, sinking U.S. oil prices and putting them on a path toward the year's lows near $50 a barrel. China will take retaliatory measures on the U.S., specifically on crude oil, Jace Jarboe, a futures and options broker with Daniels Trading in Chicago, told MarketWatch.

  • Oil Slides as Latest China Tariffs Reignite Demand Fears

    Oil prices fell Friday after China said it would impose tariffs on $75 billion worth of additional U.S. products including crude imports and President Trump said he would respond, the latest trade developments that investors fear could crimp fuel consumption. U.S. crude futures fell 3.1% to $53.63 a barrel on the New York Mercantile Exchange following the announcement, the newest salvo in the U.S.-China trade spat that has swung markets in recent months. Oil is about 19% below...

  • Oil prices slide over 2% as U.S.-China trade war escalates

    Oil prices fell more than 2% on Friday after China unveiled retaliatory tariffs against about $75 billion worth of U.S. goods, marking another escalation of a protracted trade dispute between the world's two largest economies. Brent crude futures fell $1.25, or 2.1% to $58.67 a barrel by 1:15 p.m.. U.S. West Texas Intermediate crude futures fell $1.85, or 3.3%, to $53.50 a barrel.

  • Oil Slides as Latest China Tariffs Reignite Demand Fears

    Oil prices fell Friday after China said it would impose tariffs on $75 billion worth of additional U.S. products including crude imports, the latest protectionist trade policy that could crimp fuel consumption. U.S. crude futures fell 2.1% to $54.18 a barrel on the New York Mercantile Exchange following the announcement, the newest salvo in the U.S.-China trade spat that has swung markets in recent months. Oil is about 18% below its April peak with analysts wary that softening...

  • Oil Slides as Latest China Tariffs Reignite Demand Fears

    Oil prices fell Friday after China said it would impose tariffs on $75 billion worth of additional U.S. products including crude imports, the latest protectionist trade policy that could crimp fuel consumption. U.S. crude futures fell 2.3% to $54.07 a barrel on the New York Mercantile Exchange following the announcement, the newest salvo in the U.S.-China trade spat that has swung markets in recent months. Oil is about 18% below its April peak with analysts wary that softening...

  • *October Brent crude down 2.1% at $58.64 a barrel

    (END) Dow Jones Newswires 08-23-19 0833 ET Copyright (c) 2019 Dow Jones& Company, Inc..

  • *Nymex October WTI crude-oil futures down 3.2% at $53.62 a barrel

    (END) Dow Jones Newswires 08-23-19 0833 ET Copyright (c) 2019 Dow Jones& Company, Inc..

  • Oil prices slide over 2% as U.S.-China trade war escalates

    * Trump presses U.S. companies to close China operations. * China unveils retaliatory tariffs on U.S. goods. * Powell says Fed will "act as appropriate" * U.S. oil rig count at Jan 2018 low -Baker Hughes. By Stephanie Kelly.

  • Asian petrochemical profits slammed by trade war crossfire, oversupply

    * Chinese demand for petrochemicals dwindles in face of trade war. * Wave of new petrochemicals capacity also drags on profits. * Polyethylene overcapacity to hit 3 mln T in 2020 -Woodmac. * Makers looking to fresh markets such as Southeast Asia. By Seng Li Peng and Jane Chung.

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