Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
4 April | Oil

New US tariffs trigger sharp weekly decline in oil prices

Brent
WTI Light Crude Oil
New US tariffs trigger sharp weekly decline in oil prices

Oil prices extended their decline in early Asian trade on Friday, marking their steepest weekly drop in several months. The new US import tariffs have stoked concerns over weakening demand, Reuters reports.

On April 2, US President Donald Trump announced sweeping 10% baseline tariffs on all imported goods, with extra duties targeting dozens of the country's biggest trading partners.

While energy imports will be spared, the tariffs risk fueling inflation, slowing US growth and straining international relations. All these factors may weigh on oil prices, according to the agency.

Bearish sentiment intensified further after OPEC+ revealed plans to boost crude output by 411,000 barrels per day in May, significantly above the initially planned 135,000 barrels per day increase, Reuters highlights.

Elena Dorokhina MarketCheese

Recommended

United States. CFTC Crude Oil speculative net positions. The value of the indicator has decreased from 58.4K to 54.9K
23 December
United States. API Weekly Crude Oil Stock. The value of the indicator has increased from -9.3M to 2.4M
23 December
United States. CFTC Crude Oil speculative net positions. The value of the indicator has increased from 55K to 58.4K
19 December
United States. U.S. Baker Hughes Total Rig Count. The value of the indicator has decreased from 548 to 542
19 December
United States. U.S. Baker Hughes Oil Rig Count. The value of the indicator has decreased from 414 to 406
19 December
Top news
United States. GDP (QoQ). The value of the indicator has increased from 3.8% to 4.3%
23 December
Japan. BoJ Interest Rate Decision. The value of the indicator has increased from 0.5% to 0.75%
19 December
United States. CPI (YoY). The value of the indicator has decreased from 3% to 2.7%
18 December
European Union. ECB Interest Rate Decision. The value of the indicator remained at the same level of 2.15%
18 December
European Union. Deposit Facility Rate. The value of the indicator remained at the same level of 2%
18 December
All news

Forecasts

Silver sell
Period: 09.01.2026 Expectation: 7500 pips
Silver rally stalls as prices push past $80
FA Other Chart analysis Indicators
Today at 11:31 AM 3
Tom_Kern
Gold buy
Period: 05.01.2026 Expectation: 9000 pips
Gold takes breather after reaching all-time high
TA Other Technical analysis FA Other Indicators Fundamental analysis
Today at 11:08 AM 9
Lyra_Moonwell1
Brent buy
Period: 16.01.2026 Expectation: 150 pips
Buying Brent crude up to $62.20
FA Other Chart analysis
Today at 09:31 AM 8
Bruce_Powers
S&P 500 sell
Period: 05.01.2026 Expectation: 1000 pips
S&P 500 correction looms as it tests record highs in final days of 2025
Indicators and reports Technical analysis FA Other Indicators Fundamental analysis
Today at 08:47 AM 14
Emily_Foster
AUDCAD buy
Period: 02.01.2026 Expectation: 740 pips
Central bank policy split drives AUDCAD higher
TA Other Technical analysis FA Other Indicators Fundamental analysis
26 December 2025 68
Lyra_Moonwell1
Brent sell
Period: 09.01.2026 Expectation: 200 pips
Rebound won’t help Brent crude to break out of downtrend
Chart analysis Indicators Hot news
26 December 2025 45
John_Bullard
Go to forecasts