Trump Today: President attacks OPEC over ‘too high’ oil prices after Brent heads toward $70 per barrel

President Donald Trump on Thursday again aimed his fire at the Organization of the Petroleum Exporting Countries, as he tweeted prices were “too high,” and also attacked one of his chief Democratic antagonists in the House. OPEC TWEET Trump went after OPEC in a tweet, saying it’s “very important” that the cartel “increase the flow of Oil.” “World Markets are […]

Read more

Oil drops as rising U.S. supply dulls impact from OPEC reductions

U.S.-priced oil slipped again Thursday, deepening its pullback from the closely watched $60 mark as domestic supply data surprised with a gain and a degree of demand uncertainty nags this market. Prices fell further in reaction to a repeat call from President Trump Thursday morning for more supply on global markets in order to depress prices that have rallied some […]

Read more

Oil prices rise on refocused attention on tightening global supplies

Oil prices snapped back Tuesday as recent moves to soak up excess global supply—led by OPEC, as well as outages in Iran and Venezuela as a result of U.S. sanctions— buoyed prices. “Market participants are focusing on the tight supply situation again,” Commerzbank analysts said in a daily research note. U.S. futures prices on Monday had marked their lowest settlement […]

Read more

Oil finishes with a loss, but U.S. prices mark sharpest weekly rise in a month

Crude-oil futures finished lower on Friday, with U.S. prices pulling back after four days of consecutive gains that prompted crude to tally its best weekly gain in about a month, amid growing signs of tightening global supplies. April West Texas Intermediate crude CLJ9, -0.29% shed 9 cents, or 0.2%, to settle at $58.52 a barrel on the New York Mercantile Exchange, […]

Read more

Oil prices track stocks lower after U.S.-North Korea inaction, weak Chinese data

Oil prices slipped modestly Thursday, tugged down by weaker Chinese economic data and lower stock-market action after U.S.-North Korea nuclear talks ended without a deal. Prices gained Wednesday after Saudi Arabia affirmed its commitment to reducing output, then got an added boost after data revealed an unexpected weekly drop in U.S. crude supplies — the first decline in six weeks. […]

Read more

Oil heads for weekly rise of about 5% as U.S.-China trade talks progress, crude supplies tighten

Oil futures gained Friday, buoyed by signs of tighter global supplies and progress in trade talks between the U.S. and China, padding what will be a substantial weekly advance led by international benchmark Brent. The market was also optimistic in regard to progress in this week’s trade talks between the U.S. and China, which can influence demand for energy from […]

Read more

Kentucky coal plant to close, despite objections from Trump and McConnell

FRANKFORT, Ky. (AP) — A federal utility board voted Thursday to close a coal-fired power plant in Kentucky, despite objections from President Donald Trump and U.S. Senate Majority Leader Mitch McConnell, in a move the board says will save its more than 10 million customers $320 million. The Tennessee Valley Authority voted to retire the remaining coal-fired unit at the […]

Read more
1 2 3 11