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Trump's Tariff Turmoil Has Oil Prices So Low That It's Not Always Profitable to Drill

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Sentiment: Negative ()

Oil prices fell to their lowest level in years on Monday as worries about the reciprocal tariffs President Donald Trump announced last week continued to ripple through global markets.

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image for news Trump's Tariff Turmoil Has Oil Prices So Low That It's Not Always Profitable to Drill
Crude and copper have a lot of room to move lower, says Citi's Max Layton

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Sentiment: Negative ()

Max Layton, Citi global head of commodities research, joins 'Money Movers' to discuss what's currently priced in to crude oil markets, what investors should do with gold, and much more.

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image for news Crude and copper have a lot of room to move lower, says Citi's Max Layton
OPEC March oil output falls on Venezuela, Iran losses amid sanctions

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Sentiment: Negative ()

OPEC oil output fell in March ahead of a scheduled output hike, a Reuters survey found, as Nigeria curbed deliveries to domestic refineries and Iranian and Venezuelan supply dropped on …

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image for news OPEC March oil output falls on Venezuela, Iran losses amid sanctions
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Prices Collapse On China's Retaliatory Tariffs

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Sentiment: Negative ()

Oil prices test multi-year lows.

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image for news Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Prices Collapse On China's Retaliatory Tariffs
Seeking to punish cheaters, Saudi Arabia pushes OPEC+ to open oil taps

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Sentiment: Neutral ()

Saudi Arabia's anger at Kazakhstan and other over producing nations was the key driver behind a shock decision by the OPEC+ oil group to open taps on Thursday and might …

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image for news Seeking to punish cheaters, Saudi Arabia pushes OPEC+ to open oil taps
U.S. energy secretary's former company crushed by oil sell-off after Trump tariff escalation

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Sentiment: Negative ()

Liberty Energy shares tumbled over 30% in just two days, as the oilfield services company founded by President Trump's Energy Secretary Chris Wright comes under heavy selling pressure. The price …

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image for news U.S. energy secretary's former company crushed by oil sell-off after Trump tariff escalation
Energy prices sink over tariffs and OPEC announcement

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Sentiment: Negative ()

CNBC's Pippa Stevens joins 'Squawk on the Street' to discuss what's driving energy prices.

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image for news Energy prices sink over tariffs and OPEC announcement
Oil falls to lowest level in more than three years amid recession fears, OPEC+ production hikes

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Sentiment: Negative ()

President Trump's tariffs have raised fears of a recession just as projections for global oil supply have jumped.

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image for news Oil falls to lowest level in more than three years amid recession fears, OPEC+ production hikes
Crude Oil Price Outlook – Crude Plunges Again on Friday

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Sentiment: Negative ()

The crude oil market has fallen hard again on Friday, as the markets continue to look at the very real possibility of a global recession in the near future. With …

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image for news Crude Oil Price Outlook – Crude Plunges Again on Friday
Slumping Oil Prices Reflect Intensifying Economic Worries

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Sentiment: Negative ()

Fears that President Trump's tariffs could slash global economic growth — and demand for oil as a result — were weighing on the market.

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image for news Slumping Oil Prices Reflect Intensifying Economic Worries
Oil News: Crude Sinks 8% on Tariff War Fallout and Bearish Outlook

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Sentiment: Negative ()

Crude dives 8% as U.S.-China tariff war escalates; rising OPEC output and weak demand weigh on the oil outlook amid growing recession fears.

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image for news Oil News: Crude Sinks 8% on Tariff War Fallout and Bearish Outlook
Oil majors suffering from OPEC+ output hike, not from U.S. tariffs, Eni exec says

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Sentiment: Negative ()

Oil majors are suffering after eight OPEC+ countries unexpectedly agreed to increase oil output in May, while tariffs imposed by U.S. administration had a muted effect on the sector, Eni's …

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image for news Oil majors suffering from OPEC+ output hike, not from U.S. tariffs, Eni exec says
Why OPEC+ is accelerating oil production as prices are tanking and tariffs hammer markets

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Sentiment: Negative ()

The oil price outlook is being hit with more bearish forecasts on the back of U.S. President Donald Trump's sweeping and market-hammering tariff announcements. Markets were therefore stunned when OPEC+ …

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image for news Why OPEC+ is accelerating oil production as prices are tanking and tariffs hammer markets
BP chair Helge Lund to step down after oil major pledges strategic reset

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Sentiment: Neutral ()

British oil major BP on Friday said its chair Helge Lund will step down, kickstarting a succession process with support from the wider board.

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image for news BP chair Helge Lund to step down after oil major pledges strategic reset
Goldman cuts oil price forecasts amid tariff fears, higher OPEC+ supply

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Sentiment: Negative ()

Goldman Sachs lowered its forecast for Brent crude's average price this year by 5.5% to $69 a barrel and for WTI prices by 4.3% to $66, citing the risks of …

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image for news Goldman cuts oil price forecasts amid tariff fears, higher OPEC+ supply
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Dives 5% As Traders React To Trump Tariffs

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Sentiment: Negative ()

OPEC+ decision to boost production in May put additional pressure on markets.

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image for news Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Dives 5% As Traders React To Trump Tariffs
Oil prices plunge as OPEC+ boosts output

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Sentiment: Negative ()

Oil prices plunged on Thursday, marking the steepest decline since 2023, as markets reacted to a combination of increased OPEC+ production and new U.S. tariffs that heightened concerns over global …

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image for news Oil prices plunge as OPEC+ boosts output
Oil Prices Drop Amid Worries About Trump Tariffs as OPEC+ Increases Supply More than Expected

Published: by:
Sentiment: Negative ()

Oil prices dropped Thursday amid worries about an escalating trade war from Trump's tariffs, as OPEC and its allies sped up plans to increase output and unwind supply cuts.

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image for news Oil Prices Drop Amid Worries About Trump Tariffs as OPEC+ Increases Supply More than Expected
Eight OPEC+ producers accelerate crude oil output hikes, pushing oil prices down 6%

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Sentiment: Neutral ()

Eight key OPEC+ producers on Thuesday agreed to raise combined crude oil output by 411,000 barrels per day, speeding up the pace of their scheduled hikes and pushing down oil …

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image for news Eight OPEC+ producers accelerate crude oil output hikes, pushing oil prices down 6%
Oil News: Crude Plunges Over 3% After Trump Tariff Surprise and Stock Build

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Sentiment: Negative ()

Crude oil tumbles over 3% as Trump's tariffs spark demand fears and inventories rise, pressuring oil outlook and triggering a bearish turn in futures.

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image for news Oil News: Crude Plunges Over 3% After Trump Tariff Surprise and Stock Build
Trump Tariffs: Oil Prices Slump as Levies on China, Other Nations Threaten Demand

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Sentiment: Negative ()

Oil prices fell after US President Donald Trump rolled out tariffs on major trading partners, including China and the European Union. Oil, natural gas and energy products are among exempted …

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image for news Trump Tariffs: Oil Prices Slump as Levies on China, Other Nations Threaten Demand
Natural Gas and Oil Forecast: Can WTI Rebound After 6M Barrel Inventory Shock?

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Sentiment: Positive ()

WTI crude dropped near $69 after a 6M barrel inventory build. Can demand recover amid geopolitical tensions and rising Canadian imports?

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image for news Natural Gas and Oil Forecast: Can WTI Rebound After 6M Barrel Inventory Shock?
Oil Prices Drop as Trump's Tariff Policy Sparks Global Trade War Fears

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Sentiment: Neutral ()

WTI crude oil has hit the resistance at $72.50, while natural gas remains bullish within its upward price structure.

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image for news Oil Prices Drop as Trump's Tariff Policy Sparks Global Trade War Fears
Oil sinks nearly 3% after Trump announces sweeping new tariffs

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Sentiment: Negative ()

Oil prices dropped $2 on Thursday after U.S. President Donald Trump announced reciprocal tariffs on trading partners, stoking concerns that a global trade war may dampen demand for crude.

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image for news Oil sinks nearly 3% after Trump announces sweeping new tariffs
Oil Slides as Trump Tariff Announcement Sparks Fears of Global Slowdown

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Sentiment: Negative ()

Oil slid in the morning Asian session as President Trump's tariff announcement sparked fears of a global economic slowdown that could reduce oil demand.

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image for news Oil Slides as Trump Tariff Announcement Sparks Fears of Global Slowdown
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Gains Ground As Russia Curbs Export Capacity In The Black Sea

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Sentiment: Positive ()

Oil markets are moving higher as traders bet on tight supply.

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image for news Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Gains Ground As Russia Curbs Export Capacity In The Black Sea
Trump targets this oil-rich nation with 'secondary tariffs'

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Sentiment: Negative ()

Former Trump Energy Secretary Dan Brouillette analyzes President Donald Trump's plan to impose a 'secondary tariff' on Venezuelan oil on 'Varney & Co.' #foxbusiness #varney

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image for news Trump targets this oil-rich nation with 'secondary tariffs'
Crude Inventories Rise By 6.2 Million Barrels; WTI Oil Tests The $71.50 Level

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Sentiment: Neutral ()

Gasoline inventories fell by 1.6 million barrels from the previous week.

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image for news Crude Inventories Rise By 6.2 Million Barrels; WTI Oil Tests The $71.50 Level
Crude Oil Price Outlook – Oil Continues to See Overhead Resistance

Published: by:
Sentiment: Neutral ()

The oil market continues to see a lot of overhead resistance at the moment, but I still think this is a situation where we are still buyers of dips going …

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image for news Crude Oil Price Outlook – Oil Continues to See Overhead Resistance
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rallies As Trump Warns Of Potential Tariffs On Buyers Of Russian Oil

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Sentiment: Negative ()

Trump's threats against Iran provided additional support to oil markets.

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image for news Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rallies As Trump Warns Of Potential Tariffs On Buyers Of Russian Oil

About United States Brent Oil Fund, LP BNO

The Benchmark Futures Contract is the futures contract on Brent crude oil as traded on the Ice Futures Europe Exchange that is the near month contract to expire, except when the near month contract is within two weeks of expiration, in which case it will be measured by the futures contract that is the next month contract to expire.