Oil prices rebound after Trump trade tariffs trigger plunge

Oil prices rose more than $1 on Friday, rebounding from their biggest falls in years after U.S. President Donald Trump imposed more tariffs on Chinese imports, intensifying the trade war between the world’s two biggest economies and crude consumers.

Brent crude futures slumped more than 7% on Thursday, their steepest drop in more than three years. U.S. West Texas Intermediate (WTI) crude futures fell nearly 8%, posting its worst day in more than four years.

Union Jack Oil plc (LON:UJO) is an onshore oil and gas exploration company with a focus on drilling, development and investment opportunities in the United Kingdom hydrocarbon sector.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Union Jack Oil

More articles like this

Union Jack Oil

Crude oil demand is bouncing back

As a market strategist and trader, I’ve always told anyone who would listen that one of my favorite things about commodities like crude oil is the pure supply and demand dynamics of the market. At the end of

Union Jack Oil

EIA increasingly optimistic about oil demand growth

A stronger global economy this year is set to accelerate oil demand growth to 5.5 million barrels per day (bpd), the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook for April this week, raising its demand growth

Union Jack Oil

Oil prices up as OPEC+ expected to keep output unchanged

Energy stocks are poised for a mixed to lower start, supported by mild strength in the underlying commodities while the broader equity markets are lower amid weakness in bank stocks that were caught in the downdraft of Friday’s

Union Jack Oil

Crude oil futures close higher

Crude oil futures closed higher Tuesday in daytime trading on the Shanghai International Energy Exchange. The most active crude oil contract for May 2021 delivery was up 4.7 yuan (about 72 U.S. cents) to close at 390.8 yuan

Union Jack Oil

Union Jack Oil buys royalties from three North Sea fields

Onshore-focused exploration and production company Union Jack Oil has acquired a royalty interest in revenues generated from three fields in the Central North Sea. The royalty is a 2.5 per cent interest over 20 per cent of oil