Oil Headed for Weekly Gains as Sanctions Outlook Raises Supply Worries -- Market Talk

WSJDec 13 03:43 ET

Oil Prices Steady As Market Balances IEA Surplus Forecast With Rate Cut Optimism

Business TodayDec 12 19:43 ET

If Trump Starts A Trade War, Canada Could Impose Export Taxes On Oil, Uranium: Report

BenzingaDec 12 17:58 ET

Under pressure from the threat of Trump's trade war? Canada is considering imposing tariffs on Uranium, oil, and potash as retaliation.

Canada is the largest external source of oil supply for the USA and also the largest external source of Uranium for USA nuclear power plants. The potash produced in the western provinces of Canada is an important source of fertilizer for USA farms. The media reports that imposing export taxes on these Commodities is Canada's most desperate choice, and Canada is more likely to impose retaliatory tariffs on imported USA-manufactured goods, as well as implement export controls on certain Canadian products.

wallstreetcnDec 12 16:04 ET

Crude Oil Jumps Back Above $70 as US Inventories Fall to Lowest Level

FXStreetDec 12 07:34 ET

IEA Monthly Report: Even if OPEC+ delays production increases, there will still be an oversupply of oil next year!

The IEA stated that if OPEC+ implements the production recovery plan starting in April, the Global market will face a surplus of 1.4 million barrels per day. The IEA has raised the forecast for global oil demand growth in 2025 by 90,000 barrels to 1.1 million barrels, mainly due to the economic stimulus measures recently announced by China.

wallstreetcnDec 12 06:42 ET