Saturday, May 3, 2025
type here...
Economy
Less than 1 min.Read

WTI Jumps 3% as Trump Targets Russian Oil Buyers With Tariff Plan

By Adrian Whitaker
Shutterstock

Global oil prices surged on the last day of March.

Brent crude, the international oil benchmark, which had reversed to a decline after eight trading days, jumped 1.5%, while West Texas Intermediate (WTI), the U.S. oil benchmark, surged 3%.

U.S. President Donald Trump, mediating ceasefire talks in the Ukraine conflict, put pressure on Russia, causing oil prices to jump.

He warned of potential 25-50% tariffs on nations purchasing Russian oil to pressure Russia, which has shown reluctance towards a ceasefire.

Consequently, Brent crude for May delivery rose $1.11 (1.51%) to $74.74 per barrel. WTI for May delivery closed at $71.48 per barrel, surging $2.12 (3.06%).

Hot this week

Hot Issue

Teens Are Hitting Their Faces With Hammers—All for ‘Views’ and ‘Beauty’

0
A dangerous trend called looksmaxxing is emerging, where teens harm themselves to enhance appearance, fueled by social media influencers.
Hot Issue

A 40cm Rod Went Through the Face—and He Lived to Tell the Story

0
A drunk man fell onto a table, impaling his head with a metal rod. After 10-hour surgery, he survived but lost sight in one eye.
Hot Issue

That $12 Swimsuit? It’s $31 Now—Thanks, Tariffs

0
Chinese retailers Temu and Shein raise prices significantly due to new U.S. tariffs, impacting various product categories dramatically.
Economy

Six Days, Three Indexes, One Auto-Fueled Rally

0
U.S. stock market rises on optimism for a U.S.-India trade deal, with automotive stocks leading gains amid tariff adjustments.
Economy

WTI Falls Below $61 as Global Demand Fears Intensify

0
International oil prices dropped significantly due to U.S.-China trade tensions, with Brent and WTI benchmarks falling sharply.

Topics

Hot Issue

Teens Are Hitting Their Faces With Hammers—All for ‘Views’ and ‘Beauty’

0
A dangerous trend called looksmaxxing is emerging, where teens harm themselves to enhance appearance, fueled by social media influencers.
Hot Issue

A 40cm Rod Went Through the Face—and He Lived to Tell the Story

0
A drunk man fell onto a table, impaling his head with a metal rod. After 10-hour surgery, he survived but lost sight in one eye.
Hot Issue

That $12 Swimsuit? It’s $31 Now—Thanks, Tariffs

0
Chinese retailers Temu and Shein raise prices significantly due to new U.S. tariffs, impacting various product categories dramatically.
Economy

Six Days, Three Indexes, One Auto-Fueled Rally

0
U.S. stock market rises on optimism for a U.S.-India trade deal, with automotive stocks leading gains amid tariff adjustments.
Economy

WTI Falls Below $61 as Global Demand Fears Intensify

0
International oil prices dropped significantly due to U.S.-China trade tensions, with Brent and WTI benchmarks falling sharply.
Hot Issue

‘Mercy or Mayhem?’ Australia Slammed for Culling Starving Koalas by Air

0
Victoria's government faces backlash for euthanizing over 700 koalas affected by wildfires, citing suffering and habitat loss.
Economy

Wall Street Rallies, But Cracks Appear in Big Tech Stocks

0
U.S. stocks ended mixed, with Nasdaq down 0.10% while Dow and S&P500 rose for five consecutive days, highlighting market volatility.
Economy

From Rally to Retreat: Oil Tumbles on China’s Cold Shoulder

0
Oil prices fell sharply as trade talks between China and the U.S. stalled, with Brent crude dropping to $65.86 per barrel.

Related Articles

Previous article
Stock Market Rebounds After Early Losses, Dow Rises 1% Despite Tariff Fears
Next article
Tesla’s Troubles: Musk Admits Leadership of DOGE is Impacting Stock

A First Class Newspaper that will guide you to a prosperous future, The Financial News.

Company

Headlines

Teens Are Hitting Their Faces With Hammers—All for ‘Views’ and ‘Beauty’

0
A dangerous trend called looksmaxxing is emerging, where teens harm themselves to enhance appearance, fueled by social media influencers.

A 40cm Rod Went Through the Face—and He Lived to Tell the Story

0
A drunk man fell onto a table, impaling his head with a metal rod. After 10-hour surgery, he survived but lost sight in one eye.

That $12 Swimsuit? It’s $31 Now—Thanks, Tariffs

0
Chinese retailers Temu and Shein raise prices significantly due to new U.S. tariffs, impacting various product categories dramatically.

The Financial News is

· High-Quality
· Top-Class
· Confident

© Copyright by The Financial News. All Rights Reserved.