FinancialfocusHub.com
  • Home
  • Crude Oil
  • Cryptocurrency
  • Forex
  • Funds
  • Gold
  • Insurance
  • News
  • Stocks
No Result
View All Result
  • Home
  • Crude Oil
  • Cryptocurrency
  • Forex
  • Funds
  • Gold
  • Insurance
  • News
  • Stocks
No Result
View All Result
FinancialfocusHub.com
No Result
View All Result
ADVERTISEMENT

Oil Prices Fall As Us-China Trade War Weighs On Economic Growth

Alice by Alice
2025-04-14
in News
Oil Prices Fall As Us-China Trade War Weighs On Economic Growth
ADVERTISEMENT

Oil prices fell on Monday on concerns that the escalating trade war between the United States and China will weaken global economic growth and dent fuel demand.

Brent crude futures fell $0.29, or 0.45%, to $64.47 a barrel at 01:26 GMT. U.S. West Texas Intermediate crude futures were trading at $61.23 a barrel, down 0.27 cents, or 0.44%.

ADVERTISEMENT

Both contracts have fallen by about $10 a barrel since the start of the month as the trade war between the world’s two largest economies intensifies.

ADVERTISEMENT

Goldman Sachs expects Brent crude to average $63 and WTI to average $59 for the rest of 2025, and $58 for Brent and $55 for WTI in 2026.

ADVERTISEMENT

Global oil demand is expected to grow by just 300,000 bpd year-on-year in the fourth quarter of 2025 “given the weak growth outlook,” analysts led by Daan Struyven said in a note, adding that the slowdown is expected to be most pronounced in demand for petrochemical feedstocks.

Beijing raised tariffs on U.S. imports to 125% on Friday, countering President Donald Trump’s decision to raise tariffs on Chinese goods and raising the risk of a trade war that could upend global supply chains.

Trump on Saturday approved exemptions from steep tariffs on smartphones, computers and some other electronics imported mainly from China, but U.S. Commerce Secretary Howard Lutnick said on Sunday that key tech products from China will face separate new tariffs along with semiconductors in the next two months.

The trade war has heightened concerns that unsold exports could continue to depress prices in China.

“China’s inflation data reflects that the Chinese economy is not ready for a trade war,” Moody’s Analytics said in a weekly report, citing data released on April 10. The consumer price index fell year-on-year for the second consecutive month, while the producer price index fell 30% in a row.”

Baker Hughes said that as companies prepare for a possible drop in demand, U.S. energy companies cut the number of oil drilling rigs last week, marking the largest single-week drop since June 2023, and reducing the total number of oil and gas drilling rigs for the third consecutive week.

U.S. Energy Secretary Chris Wright said on Friday that the United States may stop Iranian oil exports as part of Trump’s plan to pressure Iran over its nuclear program, which may support oil prices.

Officials said over the weekend that the two countries held “positive” and “constructive” talks in Oman on Saturday and agreed to hold dialogue again next week to address Iran’s escalating nuclear program.

Related topics:
  • What Cash App Stocks Should I Buy?
  • When Should You Buy Stocks
  • How to Analyze Bank Stocks
ADVERTISEMENT
Previous Post

Tariff Changes Lead To Cautious Gains On Wall Street Futures

Next Post

Market Moves Suggest Trust In The Dollar May Be Crumbling

Alice

Alice

Related Posts

Small AI Firm Bets $300 Million On Bitcoin And Trumpcoin
News

Small AI Firm Bets $300 Million On Bitcoin And Trumpcoin

2025-05-15
Tariffs Cause ‘lost Year’ For Housing Market, Economist Says
News

Tariffs Cause ‘lost Year’ For Housing Market, Economist Says

2025-05-15
China’s Inclusive Finance: Powering Innovation in the New Quality Productive Forces
News

China’s Inclusive Finance: Powering Innovation in the New Quality Productive Forces

2025-05-14
RMB Strengthens as China-U.S. Trade Tensions Ease
News

RMB Strengthens as China-U.S. Trade Tensions Ease

2025-05-14
China Launches 2025 SME Financial Support Initiative
News

China Launches 2025 SME Financial Support Initiative

2025-05-14
Building a World-Class Treasury System: China’s Path to Financial Resource Integration
News

Building a World-Class Treasury System: China’s Path to Financial Resource Integration

2025-05-14
The Global Battle for Digital Currency Supremacy Reshapes Financial Order
News

The Global Battle for Digital Currency Supremacy Reshapes Financial Order

2025-05-14
U.S. Treasury Sell-Off Sparks Global Financial Market Turmoil, Raising Fears of a Debt Crisis
News

U.S. Treasury Sell-Off Sparks Global Financial Market Turmoil, Raising Fears of a Debt Crisis

2025-05-14
Finance’s Digital Transformation in the Era of AI
News

Finance’s Digital Transformation in the Era of AI

2025-05-14
Next Post
Market Moves Suggest Trust In The Dollar May Be Crumbling

Market Moves Suggest Trust In The Dollar May Be Crumbling

Gold30

Gold Etfs Hit Three-Year Highs, Paxg And Xaut Outperform Crypto Markets

Strategy Buys $7.69 Billion In Bitcoin In Q1, Reveals It Will Buy More

Strategy Buys $7.69 Billion In Bitcoin In Q1, Reveals It Will Buy More

Popular Articles

(Vsco) Shows More of the Weakness Signals- Today’s Forecast
Stocks

(Vsco) Shows More of the Weakness Signals- Today’s Forecast

by jingji05
2025-05-11

Victoria's Secret & Co (VSCO) shares retreated in recent trading after encountering resistance at a critical technical level. The intimate...

U.S. Faces Looming Debt Default Crisis as August Deadline Threatens Global Financial Stability

U.S. Faces Looming Debt Default Crisis as August Deadline Threatens Global Financial Stability

2025-05-14
China Looks to Global Sovereign Wealth Funds for Investment Strategy Insights

China Looks to Global Sovereign Wealth Funds for Investment Strategy Insights

2025-05-14
7 Things Business Interruption Insurance Covers

Commuter Insurance Vs. Travel Insurance: 5 Key Differences Explained

2025-05-09
UK Economy Poised For Rapid Growth Despite Tax And Tariffs

UK Economy Poised For Rapid Growth Despite Tax And Tariffs

2025-05-15
Sterling Sharpens Losses to Three-Week Trough on Interest Rate Gap

Sterling Sharpens Losses to Three-Week Trough on Interest Rate Gap

2025-05-11
Insurance1

How To Fix A Lapse In Insurance: 4 Steps

2025-05-13
Cryptocurrency8

How To Buy Crypto With USD: A Step-By-Step Guide

2025-05-15

Recent Posts

Small AI Firm Bets $300 Million On Bitcoin And Trumpcoin
News

Small AI Firm Bets $300 Million On Bitcoin And Trumpcoin

by Alice
2025-05-15

GD Culture Group (NASDAQ: GDC), a small tech company focused on AI-driven digital avatars and live e-commerce in China, announced...

Tariffs Cause ‘lost Year’ For Housing Market, Economist Says

Tariffs Cause ‘lost Year’ For Housing Market, Economist Says

2025-05-15
UK Economy Poised For Rapid Growth Despite Tax And Tariffs

UK Economy Poised For Rapid Growth Despite Tax And Tariffs

2025-05-15
What Are Value Stocks: A Comprehensive Guide For Investors

What Are Value Stocks: A Comprehensive Guide For Investors

2025-05-15
A Beginner’s Guide To Changing Your Car Insurance

A Beginner’s Guide To Changing Your Car Insurance

2025-05-15
Insurance20

What Is Products Liability Insurance? Comprehensive Guide

2025-05-15
How Much Is $1 Worth Now? Learn About The Foreign Exchange Market

When Do USD Decisions Come Out? Key Dates & Impact On Forex Market

2025-05-15
Cryptocurrency8

How To Buy Crypto With USD: A Step-By-Step Guide

2025-05-15

Cryptocurrency

Cryptocurrency27

NFT Marketplace X2Y2 to Shut Down After Three Years as Trading Volume Plummets

2025-04-04
Cryptocurrency

Elon Musk Denies U.S. Government Plans to Use Dogecoin, Cryptocurrency Drops 3%

2025-04-01
Cryptocurrency

Gold Bull Peter Schiff Bets on Bullish Gold Amid Bitcoin’s Struggles

2025-03-30
Cryptocurrency

Fidelity Plans to Launch Spot Solana ETF

2025-03-29
Cryptocurrency

BlackRock Launches Bitcoin ETP in Europe: A Key Step for Institutional Adoption

2025-03-28
Cryptocurrency

Closing Bell Movers: GameStop Gains 7% on Earnings, Bitcoin Announcement

2025-03-27
FinancialfocusHub.com

FinancialFocusHub.com is your gateway to insightful financial guidance and strategies. Explore expert advice on investing, saving, and managing wealth. Stay informed with the latest trends and tools to empower your financial journey.

Recent Posts

  • Small AI Firm Bets $300 Million On Bitcoin And Trumpcoin 2025-05-15
  • Tariffs Cause ‘lost Year’ For Housing Market, Economist Says 2025-05-15
  • UK Economy Poised For Rapid Growth Despite Tax And Tariffs 2025-05-15
  • What Are Value Stocks: A Comprehensive Guide For Investors 2025-05-15
  • A Beginner’s Guide To Changing Your Car Insurance 2025-05-15

TAGS

Useful Links

ABOUT US

Disclaimer

Privacy Policy

Copyright © 2024 financialfocushub.com

No Result
View All Result
  • Home
  • Forex
  • Insurance
  • News
  • Stocks

Copyright © 2024 FinancialFocusHub.com is your gateway to insightful financial guidance and strategies. Explore expert advice on investing, saving, and managing wealth. Stay informed with the latest trends and tools to empower your financial journey.