7 h. ago Oil Sinks as OPEC+ Supply Surge Threatens to Swamp Global Market

Oil buckled on concerns of a global glut after OPEC+ agreed to another bumper output increase, adding to supply at a time when demand is challenged by the drag from the trade war.

Other

43 h. ago OPEC+ Agrees Another Oil Supply Surge in June, Delegates Say

OPEC+ agreed on another output surge in June, accelerating a revival of supply for a second month as the group’s leaders seek to chastise overproducing members in a strategy shift that has already sent crude prices plunging.

Other

43 h. ago OPEC+ Agrees Another Supply Surge in June to Deepen Oil Rout

OPEC+ agreed to surge output again in June, as the group’s leaders continue an accelerated revival of supply aimed at punishing over-producing members that has sent crude prices plunging.

Other

3 d. ago Oil Renews Slide Before OPEC+ Meeting That May Agree Supply Hike

Oil declined at the end of a volatile week as traders weighed a potential supply hike from OPEC+ and the trade war’s risks to demand, against a fresh threat of US sanctions against Iranian flows.

Other

3 d. ago Oil Rises as Traders Parse Signals on Trade Before OPEC+ Meeting

Oil rose, paring a steep weekly loss, as traders weighed the possibility of US-China trade talks and a fresh sanctions threat against Iranian flows against a potential supply hike from OPEC+.

Economics

4 d. ago Oil Holds April’s Slump as Saudis Signal Increased OPEC+ Supply

Oil was little changed after posting its biggest monthly decline since 2021, as signs that the Saudi-led OPEC+ alliance may be entering a prolonged period of higher production added to concerns the global trade war will squash demand.

Other

1 week ago Oil Holds Decline With Focus on OPEC+ Supply and Tariff Outlook

Oil held a decline as investors weighed the prospect of more OPEC+ supply and the fallout from trade tensions between the US and China.

Economics

3 w. ago Goldman Says Oil Could Sink Below $40 Under ‘Extreme’ Conditions

Goldman Sachs Group Inc. — fresh from cutting oil forecasts twice in a week — said Brent has the outside potential to fall below $40 a barrel under “extreme” outcomes as the trade war flares and supplies rise.

Economics

4 w. ago Copper’s Bull Run Turns Into a Rout as Reality of Tariffs Bites

Two weeks ago, copper prices were surging as traders warned that threatened US tariffs on the metal would squeeze global supplies. Now, copper bulls are confronting one of the market’s worst-ever selloffs as President Donald Trump’s broader trade war upends the outlook for demand.

Economics