- March 12th, 2025
Oil up on weak dollar but tariff concerns cap gains
Oil prices edged up on Wednesday, buoyed by a weaker dollar, but mounting fears of a U.S. economic slowdown and the impact of tariffs on global economic growth capped gains. ›
Oil prices edged up on Wednesday, buoyed by a weaker dollar, but mounting fears of a U.S. economic slowdown and the impact of tariffs on global economic growth capped gains. ›
Oil prices pared earlier losses to inch up during trade on Tuesday, despite concerns over a potential U.S. recession, the impact of tariffs on global growth and as OPEC+ sets its sight on ramping up supply. ›
Oil prices fell on Monday as concern about the impact of U.S. import tariffs on global economic growth and fuel demand, as well as rising output from OPEC+ producers, cooled investor appetite for riskier assets. ›
European natural gas prices extended their dramatic decline, tumbling to the lowest level since late September as the US presses for a quick ceasefire to accompany a minerals deal with Ukraine. ›
Oil prices gained on Friday but were set for their biggest weekly decline since October as the uncertainty around U.S. tariff policy is creating concerns about demand growth at the same time major producers are set to increase output. ›
Sharp fluctuations in a spread between European summer and winter gas contracts have made it one of the hottest instruments to trade as officials debate how to fill fuel reserves for the next heating season. ›
Oil prices rose on Thursday after heavy sell-offs drove the market to a multi-year low, however tariff uncertainties and a rising supply outlook capped gains. ›
Oil held losses after Commerce Secretary Howard Lutnick said the Trump administration could walk back some tariffs on Mexico and Canada, injecting more uncertainty into global markets. ›
Oil prices extended losses on Tuesday following reports that OPEC+ will proceed with a planned output increase in April and as markets braced for the start of U.S. tariffs on Canada, Mexico and China, as well as Beijing’s retaliatory tariffs. ›
European natural gas jumped after US and Ukrainian leaders sparred on Friday, throwing into doubt recent efforts to reach a deal with Russia on ending the war. ›