Trump, Xi Focus on Trade and AI at White House Summit 
China Agrees to Buy 20 Million Tons of U.S. Coal 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
Add as a preferred source on Google
Oil prices remained stable on Tuesday as traders assessed the impact of new U.S. trade tariffs. Brent crude futures edged up 11 cents (0.14%) to $75.98 per barrel, while U.S. West Texas Intermediate (WTI) crude rose 5 cents (0.07%) to $72.37.
President Donald Trump imposed a 25% tariff on all steel and aluminum imports without exemptions, targeting shipments from Canada, Brazil, Mexico, South Korea, and others. The move, aimed at supporting U.S. industries, raises concerns about a potential multi-front trade war that could slow global economic growth and weaken energy demand.
Last week, Trump delayed 25% tariffs on Mexican and Canadian imports and 10% duties on Canadian crude oil until March 1, pending negotiations. Meanwhile, China retaliated against U.S. tariffs with a 10% levy on American crude imports, set to take effect Monday. Trade talks between the two nations show no signs of progress, adding further uncertainty to global markets.
Additionally, the U.S. Federal Reserve is expected to hold interest rates steady until next quarter. A delay in rate cuts could curb economic growth and, in turn, limit oil demand. Economists had previously predicted a rate reduction in March, but inflation concerns may keep rates elevated.
On the supply side, U.S. crude and gasoline stockpiles likely increased last week, while distillate inventories may have declined, according to a preliminary Reuters poll. Official data from the American Petroleum Institute is due Tuesday, followed by an Energy Information Administration report on Wednesday.
Market sentiment remains cautious as investors weigh trade tensions, economic risks, and energy demand forecasts.
