- May 12th, 2025
Oil Jumps and Gold Drops as US and China Move to Lower Tariffs
Oil, metals and crop commodities rallied while gold fell after China and the US agreed to lower tariffs on each other’s economies after a weekend of trade talks. ›
Oil, metals and crop commodities rallied while gold fell after China and the US agreed to lower tariffs on each other’s economies after a weekend of trade talks. ›
Oil extended gains as the market turned its attention to trade talks between the US and China this weekend after President Donald Trump announced an agreement with the UK. ›
European natural gas prices fluctuated ahead of a vote on more relaxed fuel-storage rules, a decision that could alleviate the region’s efforts to build up supplies ahead of winter. ›
Oil rose after Donald Trump flagged a Thursday announcement on a trade deal, which is expected to be with the UK, as the US president faces political pressure following tariffs that rattled global markets. ›
Oil pushed higher after rallying more than 3% in the previous session as the US and China agreed to start trade negotiations, raising optimism that tensions between the world’s two biggest economies may ease. ›
European natural gas prices edged higher as some firms in Asia ramp up LNG purchases and seasonal maintenance tightens the market. ›
Oil climbed from the lowest close in four years after a technical measure signaled the recent slump was overdone. ›
European natural gas resumed gains after China said it’s evaluating possible trade talks with the US, driving a broader market rally. ›
Oil rose, paring a steep weekly loss, as traders weighed the possibility of US-China trade talks and a fresh sanctions threat against Iranian flows against a potential supply hike from OPEC+. ›
Oil was little changed after the biggest monthly drop since 2021, as signs that the Saudi-led OPEC+ alliance may be entering a prolonged period of higher output added to concerns the trade war will hurt demand. ›