Energy – Town USF

U.S. crude oil falls more than 3% as traders focus on escalating U.S.-China trade war
on April 10, 2025 at 7:05 pm
Trump's decision to increase tariffs on China, the world's second-largest economy and biggest crude importer, to an eye-watering 125% weighed on the market.
Trump trade war uncertainty threatens U.S. oil production
on April 10, 2025 at 4:18 pm
President Donald Trump's on again, off again approach to tariffs is creating uncertainty that will make oil firms hesitate on investment decisions.
Fintech's Affirm, Paypal sink as stocks pull back from massive tariff pause rally
on April 10, 2025 at 3:22 pm
Fintech stocks slipped as investors refocused on margin risks, lending pressure, and a still-uncertain trade backdrop.
Tanking oil prices could more than double Saudi Arabia's deficit to $75 billion and threaten spending plans: Goldman Sachs economist
on April 10, 2025 at 9:39 am
Saudi Arabia needs oil at more than $90 a barrel to balance its budget. Goldman Sachs this week lowered its Brent crude price forecast for 2025 to $62 a barrel.
U.S. crude rallies more than 4% after Trump lowers tariffs for countries except China
on April 9, 2025 at 8:01 pm
Traders have been worried the world is descending into a full-blown trade war that will trigger a recession, hitting crude oil demand.
Affirm surges 20% as fintech rallies on tariff pause, but risk remains
on April 9, 2025 at 7:25 pm
The fintech sector rallied Wednesday following the Trump administration's announcement of a 90-day pause on planned tariffs.
The oil-rich Gulf states are better-positioned to weather the tariff storm — but crashing crude prices could spell trouble
on April 9, 2025 at 8:30 am
The countries of the GCC — Saudi Arabia, the UAE, Bahrain, Kuwait, Oman, and Qatar — hold approximately 32.6% of the world's proven crude oil reserves.