Articles
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3 weeks ago |
bloomberg.com | Jacob Wendler |Mia Gindis |Vonnie Quinn
The Trump administration’s latest slew of tariffs will depress prices across commodities, according to Max Layton, global head of commodities research at Citigroup Inc. Copper prices in particular will likely fall by an additional 8% to 10% in the coming weeks, Layton said in an interview with Bloomberg Television. The metal shed 3.4% on Thursday as sweeping tariffs on US trading partners threaten to crimp global demand and traders brace for copper-specific import levies.
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3 weeks ago |
financialpost.com | Jacob Wendler |Mia Gindis
West Texas Intermediate futures dropped to $70.73 a barrel at 4:59 p.m. New York time in late trading, down 1.4% from their settlement price. Trump fired off his biggest salvo yet against the global trading system, applying a minimum 10% tariff on all exporters to the US, with higher rates on other trading partners, such as a 34% tariff on US imports from China and 20% on imports from the European Union.
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3 weeks ago |
bloomberg.com | Jacob Wendler |Mia Gindis
Oil retreated after US President Donald Trump ratcheted up his trade war with sweeping tariffs on major trading partners, raising concerns that economic turmoil will hurt crude demand. West Texas Intermediate futures dropped to $70.73 a barrel at 4:59 p.m. New York time in late trading, down 1.4% from their settlement price.
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3 weeks ago |
bloomberglinea.com | Mia Gindis |Jacob Wendler
Bloomberg — El petróleo retrocedió después de que el presidente de Estados Unidos, Donald Trump, intensificara su guerra comercial con amplios aranceles sobre los principales socios comerciales, entre ellos China y la Unión Europea, aumentando la preocupación por la disminución de la demanda de crudo. Los futuros del West Texas Intermediate cayeron a US$71,37 el barril a las 16:36 hora de Nueva York en las últimas operaciones, un 0,5% menos que su precio de liquidación.
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3 weeks ago |
rigzone.com | Mia Gindis |Jacob Wendler
Oil crept higher as traders braced for impending US tariff announcements and equity markets rose. West Texas Intermediate rose 0.7% to settle below $72 a barrel, while global benchmark Brent ended the session just below $75. US President Donald Trump is set to announce tariffs later Wednesday and the sweeping duties are set to take immediate effect.
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Oil prices tumbled after Trump unveiled a new slate of reciprocal tariffs on US trade partners — but losses were limited by the exclusion of Canada and Mexico from a flashy chart displayed at the White House. w/ @MiaGindis for @markets: https://t.co/8366TeyFgU
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New: I spoke to more than 20 people to understand how an exodus of top talent from the Pipeline and Hazardous Materials and Safety Administration could leave the federal agency unprepared to regulate industry and protect public safety. Read more @climate : https://t.co/RGqomg9iOd