Spencer Kimball

1 week ago | cnbc.com | Spencer Kimball

President Donald Trump has opened a potential pathway for trade partners to avoid higher tariffs — buy more energy from the U.S.Trump paused "reciprocal" tariffs on countries except China on Wednesday in an attempt to pull back from a full-blown global trade war. Most nations now face a base tariff rate of 10% and have a three-month period to negotiate bilateral deals with the U.S. to avoid higher duties on their goods.

2 weeks ago | nbcnewyork.com | Spencer Kimball

Allow Sale of My Personal Info and Sharing/Processing for Targeted Ads Resident of the states listed in the 'Your Rights' section of NBCUniversal’s Privacy Policy Only: To opt out of selling or sharing/processing for targeted advertising of information such as cookies and device identifiers processed for targeted ads (as defined by law) and related purposes for this site/app on this browser/device, switch this toggle to off (grey color) by moving it left and clicking “Confirm My Choice” below.

2 weeks ago | cnbc.com | Spencer Kimball

President Donald Trump's trade war has thrown the oil market into deep uncertainty, triggering wild swings in crude prices, undermining investor confidence and jeopardizing domestic production. U.S. crude oil hit a low of $55.12 on Wednesday, down 23% from the closing price on April 2 when Trump announced his sweeping plan to slap tariffs on more than 180 countries.

2 weeks ago | cnbc.com | Spencer Kimball

Crude oil futures fell more than 2% on Thursday, as President Donald Trump's steep tariffs on China overshadowed his 90-day pause on higher rates for most other countries. U.S. crude oil fell $1.76, or 2.8%, to $60.59 per barrel, while global benchmark Brent was down $1.72, or 2.6%, to $63.76 per barrel. Crude prices rallied Wednesday after Trump announced a lower, temporary tariff rate of 10% on most U.S. trade partners.

2 weeks ago | cnbc.com | Spencer Kimball

U.S. crude oil futures fell more than 6% on Wednesday, as China slapped retaliatory tariffs on the U.S. after President Donald Trump's sweeping levies took effect. The U.S. benchmark dropped $4.01, or 6.7%, to $55.57 per barrel by 7:53 a.m. ET. Global benchmark Brent tumbled $4.04, or 6.4%, to $58.78. The oil sell-off took a leg lower after Beijing announced tariffs of 84% on U.S. goods in response to Trump's levies. China's tariffs take effect on April 10.