U.S. oil prices bounced back to around $62 a barrel on Wednesday afternoon, more than erasing earlier losses after President Trump said he would pause his reciprocal tariffs for most countries for 90 days. The […]
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Trump Tariffs May Make It Too Expensive to ‘Drill, Baby, Drill’
President Trump’s tariffs are posing a major barrier to his plans to expand U.S. oil production — or, in his words, “drill, baby, drill.” Since the tariffs were announced last week, oil prices have fallen […]
Oil Executives Refrain From Publicly Criticizing Trump or His Tariffs
Oil is trading at its lowest level in nearly four years. Costs are rising. And Wall Street is growing more worried by the day that President Trump’s trade policies will tip the United States into […]
Bitcoin Is Down 10% Since Trump’s Global Tariff Announcement
Virtually everyone in the cryptocurrency world celebrated the second election of President Trump, an enthusiastic booster of the industry who promised to turn the United States into the “crypto capital of the planet.” But now […]
Oil Prices Tumble Further as Trump’s Tariffs Weigh on Economic Outlook
U.S. oil prices fell sharply, briefly dipping below $60 a barrel on Sunday — their lowest level in almost four years — as the economic fallout from President Trump’s latest round of tariffs reverberated around […]