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Oil prices fell on Friday on worries that US tariff wars could spark a global recession, but gained for a third consecutive week after Washington ratcheted up pressure on Opec members Venezuela and Iran.
Crude palm oil (CPO) prices will likely be traded higher in 2025 given anticipation of declining exports by world's largest producer, Indonesia amid its government decision to roll out the B40 biodiesel mandate.
TOKYO: Oil prices held steady on Monday as investors assessed the outlook for ceasefire talks aimed at ending the Russia-Ukraine war, which could lead to an increase in Russian oil to global markets.
Oil prices settled higher on Friday and recorded a second consecutive weekly gain as fresh US sanctions on Iran and the latest output plan from the Opec+ producer group raised expectations of tighter supply.
OIL prices rose on Thursday, boosted by a strong outlook for demand in the United States after fuel inventories fell more than expected, and a weaker U.S. dollar.
Oil prices eased a touch but held near one-month highs on Friday as they headed for a third weekly gain on a tightening global supply outlook after the US imposed tariffs against countries buying oil from Venezuela and placed curbs on Iranian oil trade.
Oil prices edged higher on Thursday as traders assessed a tightening of crude supplies along with new US tariffs and their expected effect on the world's economy.
Oil prices fell on Friday evening (March 29) on worries that US tariff wars could spark a global recession, but gained for a third consecutive week after Washington ratcheted up pressure on OPEC members Venezuela and Iran.
Oil prices edged up on Wednesday after US government data showed a draw in fuel inventories, but the Federal Reserve's decision to hold interest rates steady capped gains.
Oil prices eased about 1% on Tuesday as US President Donald Trump and Russian President Vladimir Putin discussed moves to end the three-year-old war in Ukraine, which could result in a possible easing of sanctions on Russian fuel exports.
LONDON: Oil traded higher on Monday after the United States vowed to keep attacking Yemen's Houthis until the Iran-aligned group ends its assaults on shipping while Chinese economic data fuelled hopes for higher demand.
Oil prices rose on Wednesday, buoyed by government data showing US crude oil and fuel inventories fell last week and by mounting concerns about tighter global supply following the US threat of tariffs on nations buying Venezuelan crude.
OIL prices edged higher on Wednesday on supply concerns with the U.S. stepping up efforts to limit Venezuelan and Iranian oil exports, while a bigger-than-expected drop in U.S. crude inventories also lent support.
JAKARTA: Indonesia is betting on tiny bugs from Africa to help boost its palm oil production, as the broader sector grapples with tightening supply that threatens to keep prices elevated and add to food inflation.
Oil prices diverged on Tuesday as a maritime and energy truce between Russia and Ukraine offset concerns about tighter global supply due to threatened US tariffs on countries buying Venezuelan production.
SINGAPOR: Oil prices traded higher on Monday after the United States vowed to keep attacking Yemen's Houthis until the Iran-aligned group ends its assaults on shipping.
HOUSTON: Oil prices gained 1% on Monday as U.S. President Donald Trump said he will impose a 25% tariff on countries that buy oil and gas from Venezuela.
Oil prices rebounded by 1% on Friday to end the week nearly unchanged as investors weighed the diminishing prospects of a quick end to the Ukraine war that could bring back more Russian energy supplies to Western markets.
PETALING JAYA: The outlook for the crude oil market for this year is plagued with uncertaintiy arising from US President Donald Trump's trade policies and escalation of geopolitical risks.
KUALA LUMPUR: The retail prices of RON97 and RON95 petrol throughout the country will remain unchanged at RM3.28 and RM2.05 per litre respectively from March 27 to April 2.
