Oil
Brent is set to fall 4 percent this week, while WTI is set to decline 3.8 percent
Following the tariff pause for most countries, oil prices settled 4 percent higher on Wednesday
This initiative aims to boost Yasref's capabilities and global standing in the petrochemical sector
Trump signed an executive order raising tariffs on China by 50 percent, escalating tensions significantly
OPEC+ postponed output increases until April and extended cuts unwinding to the end of 2026
Markets worry Trump's tariffs will hinder global economic growth and negatively impact oil demand
Trump intensified trade tariffs, raising worries about slowing economic growth and declining demand
Traders raised oil's risk premium, anticipating supply disruptions from Trump's actions and policies
Both contracts gained over 2 percent so far this week and more than 7 percent since hitting multi-month lows in early March
American Petroleum Institute data showed that U.S. crude inventories fell by 4.6 million barrels last week
OPEC+ ready to move forward with scheduled output increase in May
