Oil futures were on track for a third straight gain Tuesday, with traders shaking off worries over President Trump's tariff strategy to focus on tighter sanctions on Iran and Russia.
British oil major BP on Tuesday posted a sharp drop in fourth-quarter profit, pledging to "fundamentally" reset the embattled energy company's strategy.
Oil prices rebound 2% as Russia's output drops below OPEC+ quota. Will supply cuts and Fed policies push energy markets higher?
U.S. stocks traded higher toward the end of trading, with the Dow Jones index jumping more than 150 points on Monday.
Oil prices rebounded on Monday after posting their third straight week of losses, even though investors remained worried that U.S. President Donald Trump might start a trade war.
The crude oil market is strong in the early hours of Monday, as the market continues to try to recover from the recent fall that we have seen. Traders continue to watch economic numbers, GDP, and central banks at the same time.
Oil futures rose Monday, finding support after three straight weekly declines that took crude to its lows of the new year.
Crude oil prices rise as key support levels hold. Traders eye $72.11 resistance—will bullish momentum drive a breakout?
BP shares jumped at the market open, following weekend reports that activist investor Elliott Management has built a stake in the struggling oil major. BP stock was up 8.06% at 8:32 a.m.
Mizuho Bank's Vishnu Varathan talks about China's struggles to rebalance their economy while navigating Trump tariffs. He sees Trump's oil policies cementing the U.S. as an exporter, helping to anchor inflation concerns while keeping prices at a "Goldilocks" level.
Crude oil and natural gas prices rebound, but is it sustainable? Key technical levels and market sentiment hint at the next big move.
Oil prices ticked higher on Monday even as investors weighed U.S. President Donald Trump's latest tariff threat, this time on all steel and aluminium imports, which could dampen global economic growth and energy demand.