03097 Global X S&P Crude Oil Futures Enhanced ER ETF
- 4.992
- -0.008-0.16%
Oil Falls Over 1% As Tariff Worries
Oil Futures Retreat As Tariff Battles Drag On -- Market Talk
IEA monthly report: Trade conflicts weaken oil demand, while OPEC+ increases supply.
The IEA stated that this year, Global oil supply could exceed demand by about 0.6 million barrels per day, and last week's OPEC+ decision to start increasing oil supply might add another surplus of 0.4 million barrels per day. The IEA has lowered its forecast for Global oil demand growth in 2025 to 1.03 million barrels per day and warned that trade conflicts could further worsen the market outlook.
Oil Prices Jump 2% On Tighter US Supplies, But Tariff Worries Persist
OPEC Maintains Oil Demand Growth Outlooks, Flags Rising Tariff Uncertainty
Oil Gains 2% After Gasoline Stocks Draw -- Market Talk
OPEC+ crude oil production surged in February, maintaining strong demand growth expectations.
In February, OPEC+ (OPEC and its allies) significantly increased Crude Oil Product production.
US Total Crude Oil Stocks Rise in Week Ended March 7
Oil Prices Edge Higher As Weaker Dollar Offsets US Economic Concerns
Everbright: OPEC+'s increase in production is bullish for the recovery of oil shipping demand, remaining bullish on the upturn in shipping prosperity.
The outlook for Crude Oil Product demand is positive, coupled with the effect of lower oil prices boosting demand, which is expected to drive a continuous increase in oil transportation demand.
Equities Decline Amid Tariff Uncertainty as Markets Await Consumer Inflation Report
Oil Prices Slide 1.5% As Tariff Concerns Weigh On Demand
The US Energy Secretary stated that the possibility of revoking the tariff on Canadian oil still exists, while Ontario is imposing a 25% surcharge on electricity exported to the US.
The US Energy Secretary announced that Trump might consider revoking the plan to impose import tariffs on Canadian oil in April. Crude Oil Futures narrowed their decline to less than 0.6%, reporting at $66.65. On the same day, the government of Ontario, Canada, officially imposed a 25% surcharge on all electricity exported to three US states.
International oil prices have plummeted to a three-year low! Read this article to understand what exactly has happened in the oil market.
① Last week, the international benchmark Brent Crude Oil Product Futures price suddenly broke a months-long silence, reaching its lowest point in three years. ② Currently, many oil price traders are grappling with the question: what exactly happened in the international oil market? Will this round of plunge deepen further?
Oil Futures Gain Ground as U.S. Tariffs Get Pared Back For a Month -- Market Talk
Oil Prices Rise as Russia Says OPEC+ Supply Additions Could Be Paused or Reversed
Oil Price Selloff Might Have Been Premature -- Market Talk
Oil Prices Bounce, but Head for Weekly Losses on Tariff Fears
Oil Set for Weekly Loss Amid U.S. Tariffs, OPEC+ Output Plans -- Market Talk
Oil Prices Slide Amid US-Ukraine Tensions, Market Braces For More Volatility