(Bloomberg) — Oil was regular in the beginning of the week as merchants weighed the fallout from extra US tariffs and an upcoming increase in OPEC+ provide.
Brent traded above $72 a barrel after rising 2.2% final week, whereas West Texas Intermediate was close to $68. Donald Trump’s wave of so-called reciprocal levies on April 2 are set to be extra focused, based on aides, reasonably than the barrage the US president has sometimes threatened.
World markets have been gripped with uncertainty and volatility as Trump opens up commerce wars on a number of fronts, with US levies met with retaliation from different international locations together with China. The brand new tariffs will coincide with extra provide from the Group of the Petroleum Exporting Nations and its allies, which plans to start out reviving idled manufacturing subsequent month.
©2025 Bloomberg L.P.
Rachel Reeves will unveil additional welfare cuts in her spring assertion after being informed the…
(Bloomberg) -- Oil rose after an trade report signaled a significant contraction in US crude…
Rachel Reeves will hold her remarks brief when she delivers the spring assertion on Wednesday.However…
Investopedia / Photograph Illustration by Alice Morgan / Getty Photographs Solely about 34% of renters…
Hear and subscribe to Opening Bid on Apple Podcasts, Spotify, Amazon Music, YouTube, or wherever…
The safety of messaging app Sign was compromised by human error when prime US officers…