While the trade war is the main cloud over economic growth and demand predictions, market participants also pointed to weakening U.S. data and overfull U.S. crude stockpiles.
U.S. crude inventories swelled by 4.7 million barrels in the latest week to their highest since July 2017 at 476.8 million barrels
Data from the American Petroleum Institute had shown an increase of 2.4 million barrels, according to sources.
Blocking energy infrastructure projects deprives workers of good jobs and weakens our energy and national security.
Traders again weighed signs that the Organization of the Petroleum Exporting Countries will decide to extend its production-cut agreement following a committee meeting over the weekend.
OPEC and non-OPEC members, such as Russia, met over the weekend to cut output by 1.2 million barrels per day for six months.
PRICE Futures Group senior analyst Phil Flynn on the outlook for oil prices.
OPEC, Russia and other non-member producers, an alliance known as OPEC+, agreed to cut output by 1.2 million barrels per day (bpd) from Jan. 1 for six months to try to prevent inventories from increasing and weakening prices.
Trump's team is buckling Iran's economy.
OPIS Energy Analysis Global Head Tom Kloza on the outlook for oil prices.
U.S. sanctions on oil-rich Venezuela appear to be taking hold, resulting in mile-long lines for fuel in the South American nation's second-largest city, Maracaibo.
National security analyst Rebeccah Heinrichs on mounting U.S. tensions with Iran.
Former Shell Oil president John Hofmeister anticipates a summer spike in gas prices from a domestic market standpoint.
Former Shell Oil President John Hofmeister on the outlook for oil and concerns over the future of America's energy infrastructure.
American Gas Association President Karen Harbert on impact of mounting tensions with Iran on oil prices and the outlook for gas prices for consumers.
Without the pursuit of profits in America we might still live in the dark ages. Or literally in the dark.
The oil-rich countries backed by socialist governments have overseen a long economic meltdown.
While the market has been incredibly reactive to the U.S.-China trade war, it’s mostly brushed off other geopolitical tensions.
The Trump administration has paved the way for more energy infrastructure development.
The energy minister of the world's largest oil exporter said the attack caused a fire, now contained, and minor damage at one pump station, but did not disrupt oil production or exports of crude and petroleum products.