Oil prices experienced mixed movements as weak Chinese demand clashed with Middle East tensions following the Syrian rebels’ overthrow of President Assad. Brent crude futures dipped slightly, while US WTI crude futures saw a marginal increase. Concerns over a supply surplus loomed despite OPEC+’s decision to extend production cuts, with Saudi Aramco reducing prices for Asian buyers.
Tariffs could hurt business, growth and earnings: Peter Cardillo
The administration’s back-and-forth stance on tariffs is unsettling global markets, especially emerging ones. Tariffs could be inflationary, potentially harming business growth and future earnings. The
March 12, 2025