Oil Set for Weekly Loss After Trump's Tariffs, Surprise OPEC+ Hike -- Market Talk

Dow Jones

Apr 04, 2025

0729 GMT - Oil prices are headed for a weekly loss of more than 5% after U.S. President Trump's tariff blitz and OPEC+'s plans for a larger-than-expected supply hike in May shook the market. Crude benchmarks extend the previous session's losses, with Brent down 1.9% to $68.77 a barrel and WTI falling 2.1% to $65.55 a barrel. "Weakness is appearing in longer-dated futures contracts," analysts at Fitch's BMI research unit say. "Both the six month and 12-month spreads have contracted sharply." Oil and gas have been exempted from the new round of tariffs, but traders fear the policies could raise inflation and slow global economic growth, ultimately hurting demand for crude. "This would be exacerbated by supply additions from OPEC+ and non-OPEC producers that are forecast for 2025," BMI analysts say. (giulia.petroni@wsj.com)

(END) Dow Jones Newswires

April 04, 2025 03:29 ET (07:29 GMT)

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Crude benchmarks extend the previous session's losses, with Brent down 1.9% to $68.77 a barrel and WTI falling 2.1% to $65.55 a barrel. \"Weakness is appearing in longer-dated futures contracts,\" analysts at Fitch's BMI research unit say. \"Both the six month and 12-month spreads have contracted sharply.\" Oil and gas have been exempted from the new round of tariffs, but traders fear the policies could raise inflation and slow global economic growth, ultimately hurting demand for crude. \"This would be exacerbated by supply additions from OPEC+ and non-OPEC producers that are forecast for 2025,\" BMI analysts say. (giulia.petroni@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 04, 2025 03:29 ET (07:29 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil Set for Weekly Loss After Trump's Tariffs, Surprise OPEC+ Hike -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil Set for Weekly Loss After Trump's Tariffs, Surprise OPEC+ Hike -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-04-04 15:29</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0729 GMT - Oil prices are headed for a weekly loss of more than 5% after U.S. President Trump's tariff blitz and OPEC+'s plans for a larger-than-expected supply hike in May shook the market. Crude benchmarks extend the previous session's losses, with Brent down 1.9% to $68.77 a barrel and WTI falling 2.1% to $65.55 a barrel. \"Weakness is appearing in longer-dated futures contracts,\" analysts at Fitch's BMI research unit say. \"Both the six month and 12-month spreads have contracted sharply.\" Oil and gas have been exempted from the new round of tariffs, but traders fear the policies could raise inflation and slow global economic growth, ultimately hurting demand for crude. \"This would be exacerbated by supply additions from OPEC+ and non-OPEC producers that are forecast for 2025,\" BMI analysts say. (giulia.petroni@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 04, 2025 03:29 ET (07:29 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FT_SY_QM","symbol_name":"小原油","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2524627309","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2524627309","pubTimestamp":1743751740,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0729 GMT - Oil prices are headed for a weekly loss of more than 5% after U.S. President Trump's tariff blitz and OPEC+'s plans for a larger-than-expected supply hike in May shook the market. 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Crude benchmarks extend the previous session's losses, with Brent down 1.9% to $68.77 a barrel and WTI falling 2.1% to $65.55 a barrel. \"Weakness is appearing in longer-dated futures contracts,\" analysts at Fitch's BMI research unit say. \"Both the six month and 12-month spreads have contracted sharply.\" Oil and gas have been exempted from the new round of tariffs, but traders fear the policies could raise inflation and slow global economic growth, ultimately hurting demand for crude. \"This would be exacerbated by supply additions from OPEC+ and non-OPEC producers that are forecast for 2025,\" BMI analysts say. (giulia.petroni@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 04, 2025 03:29 ET (07:29 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"economic","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}