Top oil exporter Saudi Arabia may lower its crude prices for Asian buyers in May to a three-month low, tracking the steep declines in benchmark prices this month, traders said.

Crude oil prices are on a third consecutive weekly rise as President Trump's tariffs on Venezuelan oil and increased sanctions on Iranian entities heighten concerns about global supply.

Prices for oil are on the rise after U.S. President Donald Trump said that America will impose secondary tariffs of 25% on any country that

1 Barrel ≈ 158,98 Liters Oil (WTI) Price Per 1 Liter 0.44 USD 1 Barrel ≈ 0,136 Tonnes of Crude Oil Oil (WTI) Price Per 1 Ton 513.38 USD 1 Barrel = 336 Pint Oil (WTI) Price Per 1 Pint 0.21 USD ...

Oil prices diverged on Tuesday as a maritime and energy truce between Russia and Ukraine offset concerns about tighter global supply due to threatened U.S. tariffs on countries buying Venezuelan production.

China's coal prices have plummeted to a four-year low due to an oversupply caused by record imports and reduced power demand from warm winter weather, leading to a significant inventory glut.

“The news around Trump’s tariffs on autos may actually turn out to be a net positive for crude oil because the rise in new car prices from tariffs will mean it slows down the switch to newer, more fuel-efficient models,” Tony Sycamore, a market analyst at IG, was quoted as saying in a Reuters report.

After a strong rally, crude oil faces resistance near $70.61. A bullish hammer suggests continued strength, but breaking the 50-Day MA remains crucial for upside potential.

Current oil prices risk hollowing out the U.S. shale industry which has been a key source of taxes, job creation, security, and manufacturing growth.

Lukewarm demand and weak oil costs are part of the reason for the drop. But analysts predict Trump tariffs could push prices back up.

Oil prices eased on Friday as traders worried that Washington's tariff wars could spark a global recession, but for the week, prices were headed for their third weekly gain as the U.S. ramped up pressure on Venezuela and Iran.