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Oil prices post weekly drop as Trump touts energy policy, threatens tariffs
Oil markets sank on Friday, a day after U.S. President Donald Trump pressured OPEC and its de facto leader Saudi Arabia to lower prices in a broad push to drive up crude production.
Joe Klamar | Afp | Getty Images
Oil prices were steady on Friday but posted a weekly decline, ending four straight weeks of gains, after U.S. President Donald Trump announced sweeping plans to boost domestic production while demanding that OPEC moves to lower crude prices.
Brent crude futures gained 21 cents, or 0.27%, to close at $78.50 a barrel. U.S. West Texas Intermediate crude (WTI) gained 4 cents, or 0.05%, to settle at $74.66 a barrel.
Brent has lost 2.83% this week while WTI was down 4.13%.
Trump on Friday reiterated his call for the Organization of the Petroleum Exporting Countries to cut oil prices to hurt oil-rich Russia’s finances and help bring an end to the war in Ukraine.
“One way to stop it quickly is for OPEC to stop making so much money and drop the price of oil … that war will stop right away,” Trump said as he landed in North Carolina to view storm damage.
The threat of harsh U.S. sanctions on Russia and Iran, which are key oil producers, could undermine Trump’s goal of lowering energy costs, StoneX analyst Alex Hodes said in a note on Friday.
“Trump knows this and has leaned on OPEC to cover the void that these will create,” Hodes said.
On Thursday, Trump told the World Economic Forum he would demand that OPEC and its de facto leader, Saudi Arabia, bring down crude prices.
00:22Trump tells Davos he will demand lower interest rates, oil pricesThe video player is currently playing an ad. You can skip the ad in 5 sec with a mouse or keyboard
OPEC+, which includes Russia, has yet to react, with delegates from the group pointing to a plan already in place to start raising oil output from April.
“I don’t really expect OPEC will change policy unless there is a change in fundamentals,” UBS commodities analyst Giovanni Staunovo said. “Markets will be relatively muted until we get more clarity on sanctions policy and tariffs.”
Tariffs
Chevron said on Friday it had started production at a $48 billion expansion of the giant Tengiz oilfield, which will bring its output to around 1% of global crude supply, and could further pressure OPEC’s efforts in the last few years to limit production.
Trump declared a national energy emergency on Monday, rolling back environmental restrictions on energy infrastructure as part of his plans to maximize domestic oil and gas production.
These rollbacks could support oil demand but have the potential to exacerbate oversupply, said Nikos Tzabouras, senior market specialist at trading platform Tradu.
Trump’s policies so far have largely followed predictions on the supply side, including cutting red tape to promote domestic supply growth, according to StoneX’s Hodes. However “the lower hanging fruit for growth has already been picked.”
The U.S. president vowed on Wednesday to hit the European Union with tariffs and impose 25% tariffs on Canada and Mexico. He also said his administration was considering a 10% punitive duty on China.
As attention shifts to a possible February timeline for new tariffs, caution is likely to persist in the market, given potential negative implications for global growth and oil demand prospects, said Yeap Jun Rong, a market strategist at IG. Traders expect oil prices to range between $76.50 and $78 a barrel, he added.
While bullish catalysts such as a significant drawdown in U.S. crude stocks are providing temporary positive swings, an over-supplied global market and projections of ailing Chinese demand continue to weigh on crude futures, said Priyanka Sachdeva, senior market analyst at brokerage Phillip Nova.
U.S. crude inventories last week hit their lowest level since March 2022, the U.S. Energy Information Administration said.
Oil prices have experienced a weekly drop as President Trump continues to tout his energy policy and threaten tariffs on foreign oil. The uncertainty surrounding trade tensions and the impact on global oil demand has caused prices to fluctuate, with many investors closely monitoring the situation.President Trump’s focus on increasing domestic oil production and reducing reliance on foreign imports has created a sense of volatility in the market, as traders try to anticipate the potential impact on supply and demand dynamics. At the same time, his threats of imposing tariffs on countries like Iran and Venezuela have added another layer of uncertainty to the mix.
As we head into the coming weeks, it will be important to keep a close eye on developments in the energy sector and how they are influencing oil prices. With geopolitical tensions and trade negotiations playing a significant role in shaping the market, investors should be prepared for potential fluctuations in the weeks ahead.
Tags:
oil prices, weekly drop, Trump, energy policy, tariffs, oil market, energy industry, economic news, global economy, trade tensions
#Oil #prices #post #weekly #drop #Trump #touts #energy #policy #threatens #tariffsPAVOI 14K Gold Plated 925 Sterling Silver Post Teardrop Chunky Hoop Earrings | Lightweight Drop Earrings for Women | Designer Dupe Earrings
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Package Dimensions : 3.5 x 2.25 x 0.2 inches; 0.32 ounces
Department : womens
Date First Available : June 16, 2023
Manufacturer : PAVOI
ASIN : B0CF1VZ8MJCustomers say
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Looking for a stylish and affordable pair of earrings to elevate your outfit? Look no further than the PAVOI 14K Gold Plated 925 Sterling Silver Post Teardrop Chunky Hoop Earrings! These lightweight drop earrings are perfect for women who want to add a touch of elegance to their look without breaking the bank.Made with high-quality 925 sterling silver and plated with 14K gold, these designer dupe earrings are sure to turn heads wherever you go. The teardrop shape and chunky hoop design make them a versatile accessory that can be dressed up or down depending on the occasion.
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Introducing the CICA – GLUTANEX Post Laser Repair Cream, the perfect solution for soothing and repairing your skin after laser treatments. This cream is infused with cica and glutanex, powerful ingredients known for their healing and calming properties.Say goodbye to redness, irritation, and inflammation with this gentle yet effective cream. Whether you’ve had a laser treatment for acne scars, pigmentation, or hair removal, this cream will help speed up the healing process and leave your skin looking and feeling rejuvenated.
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#CICA #GLUTANEX #POST #LASER #REPAIR #CREAM,centella asiaticaMiley Cyrus has ‘no interest’ in repairing strained relationship with dad Billy Ray, ‘signed off’ on brother Trace’s post
Although she’s worried about him, Miley Cyrus is not looking to make amends with her father, Billy Ray Cyrus, Page Six is told.
Sources familiar with the situation tell us the pop star, 32, hasn’t had a relationship with the country singer “for a long time” and has “no interest” in repairing things with him.
However, our insiders say she saw his disastrous performance at President Trump’s post-inauguration Liberty Ball earlier this week and found it “concerning.”
Miley’s younger sister, Noah Cyrus, is “also concerned,” as she loves Billy Ray “unconditionally” and “wants the best for him,” according to our informants.
At Monday’s event in Washington, DC, the disheveled-looking “Achy Breaky Heart” crooner, 63, stumbled through his short set, which he later blamed on faulty equipment.
His son Trace Cyrus — who is sober — then penned a lengthy open letter revealing that he and members of their family are “genuinely worried” about the patriarch.
Our insiders say Trace, 35, and his siblings — minus brother Braison — discussed his Instagram post before he shared it and that they “signed off” on it because they “all agree” with what he wrote.
However, one source denies this, going so far as to claim that the family is “pissed” at Trace because Billy Ray is “sober.” This source also claims the Grammy winner is “in a really good place” with both Miley and Noah.
In Trace’s public plea to Billy Ray to seek help, he admitted he “barely recognize[s]” his father now and lamented in part, “It seems this world has beaten you down and it’s become obvious to everyone but you.”
With “tears in [his] eyes,” he went on, “You’re not healthy Dad & everyone is noticing it. … I hope you realize this message only comes from a place of love and also fear that the world may lose you far too soon. I love you Dad.”
Trace then disclosed he is “over a year and half clean from alcohol” and added, “I don’t know what you’re struggling with exactly but I think I have a pretty good idea & I’d love to help you if you would open up and receive the help.”
He also mentioned Noah, specifically, saying the 25-year-old “desperately has wanted you to be a part of her life and you haven’t even been there for her. That’s your baby girl. She deserves better. Somehow just like me she still idolizes you though.”
Even Billy Ray’s ex-wife Firerose shares his loved ones’ concerns. Braison, however, does not.
In fact, he insists the “Old Town Road” hitmaker is “happy,” “healthy” and “ready” to release his forthcoming album, which Braison will be producing.
According to Trace, Braison, 30, believes their dad is doing well because “birds of a feather flock together.”
As for Miley, she noticeably excluded Billy Ray from her 2024 Grammys acceptance speech, only thanking her mom, Tish Cyrus, her sister, her “love” and her stylists.
“I don’t think I forgot anyone, but I might have forgotten underwear. Bye!” she added at the time.
In a subsequent appearance on David Letterman’s “My Next Guest Needs No Introduction,” Miley said she “inherited the narcissism” from her father and called her mother her “hero.”
Reps for Miley, Noah and Billy Ray did not immediately respond to Page Six’s requests for comment.
Miley Cyrus has recently made it clear that she has “no interest” in repairing her strained relationship with her father, Billy Ray Cyrus. The singer and actress has reportedly “signed off” on a post made by her brother, Trace Cyrus, which suggests that any hopes of reconciliation between Miley and her father may be slim.The post, shared on social media, highlights the tension between Miley and Billy Ray, with Trace expressing his support for his sister’s decision to distance herself from their father. The family has been at odds for quite some time, and it seems that Miley has reached a point where she is no longer willing to make amends.
While the reasons behind the strained relationship remain unclear, it is evident that Miley is firm in her decision to keep her distance from her father. Fans of the singer are left wondering if there will ever be a chance for reconciliation between Miley and Billy Ray, or if their relationship is beyond repair.
Tags:
- Miley Cyrus
- Billy Ray Cyrus
- Trace Cyrus
- Family relationships
- Celebrity news
- Entertainment gossip
- Father-daughter relationships
- Celebrity feuds
- Miley Cyrus family drama
- Celebrity sibling relationships
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Garden of Life Organic Vegan Sport Protein Powder, Chocolate – Probiotics, BCAAs, 30g Plant Protein for Premium Post Workout Recovery, NSF Certified, Keto, Gluten & Dairy Free, Non GMO, 19 Servings
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(as of Jan 26,2025 10:04:54 UTC – Details)
Organic Plant-Based Protein offers a blend of certified organic proteins from multiple sources, featuring U.S. grown organic peas, to give it a great smooth and creamy texture. The Organic Muscle Recovery Blend includes Organic Tart Cherries, Organic Apples, Organic Turmeric, Organic Gogi berries and Organic Blueberries-these antioxidants are known to promote faster recovery. Because many sports participants compromise their immune systems due to intense training programs, we added a specially-selected, clinically studied probiotic that has been shown to support immune health during intensive workouts. Organic Plant-Based Protein is the cleanest protein available having quadruple, third-party certifications saying so. Not only is it Certified USDA Organic and Non-GMO Project Verified, Organic Plant-Based Protein takes it to the next level for sport by being NSF Certified for Sport and Informed-Choice for Sport Certified. This ensures there are no banned athletic substances-just whole clean nutrients.
Is Discontinued By Manufacturer : No
Product Dimensions : 0.39 x 0.39 x 0.39 inches; 2 Pounds
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Date First Available : December 12, 2016
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Looking for a premium post workout recovery protein powder? Look no further than Garden of Life Organic Vegan Sport Protein Powder in Chocolate flavor! Packed with 30g of plant protein, probiotics, and BCAAs, this NSF certified powder is perfect for athletes and fitness enthusiasts alike.Not only is this protein powder delicious and easy to digest, but it is also keto-friendly, gluten-free, dairy-free, and non-GMO. With 19 servings per container, you’ll have plenty of protein to fuel your workouts and aid in muscle recovery.
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#Garden #Life #Organic #Vegan #Sport #Protein #Powder #Chocolate #Probiotics #BCAAs #30g #Plant #Protein #Premium #Post #Workout #Recovery #NSF #Certified #Keto #Gluten #Dairy #Free #GMO #Servings,veganSUPER RARE 1900’S POST MORTEM MOTHER LAYED UP IN COFFIN IN YARD,FAMILY SURROUNDS
SUPER RARE 1900’S POST MORTEM MOTHER LAYED UP IN COFFIN IN YARD,FAMILY SURROUNDS
Price : 89.00
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This post mortem photo from the early 1900s is an incredibly rare and haunting glimpse into the past. In the image, a mother lies peacefully in her coffin in the yard, surrounded by her grieving family. The somber scene captures a moment frozen in time, preserving the love and loss felt by those left behind.Post mortem photography was a common practice in the 19th and early 20th centuries, allowing families to memorialize their loved ones in a tangible way. These images serve as a reminder of the fragility of life and the enduring bond between family members.
This particular photo is a striking example of the artistry and emotion that was often present in post mortem photography. The mother’s serene expression and the sorrowful faces of her family members create a poignant tableau that is both beautiful and heartbreaking.
Despite the eerie nature of post mortem photography, these images offer a unique window into the past and a way to remember those who have passed on. This rare photo serves as a powerful reminder of the enduring power of love and the importance of cherishing our loved ones while we have them.
#SUPER #RARE #1900S #POST #MORTEM #MOTHER #LAYED #COFFIN #YARDFAMILY #SURROUNDS,openai post mortemAntique Snapshot Photograph Beautiful Woman Post Mortem Coffin ID Wortmann
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Price : 104.95
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Antique Snapshot Photograph: Beautiful Woman in Post Mortem Coffin Identified as WortmannI recently came across a stunning antique snapshot photograph of a beautiful woman lying in a post mortem coffin. The image is hauntingly beautiful, capturing the woman’s serene expression as she rests peacefully in her final resting place.
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#Antique #Snapshot #Photograph #Beautiful #Woman #Post #Mortem #Coffin #Wortmann,openai post mortemTimothée Chalamet’s Sister Pauline Blasts Kylie Jenner In Bold Online Post
There’s a chance Timothée Chalamet’s sister isn’t the biggest fan of her brother’s girlfriend Kylie Jenner — specifically in regards to her wealth.
It’s no surprise the 27-year-old has quite a lot of money at her disposal, and Pauline Chalamet appeared to make a subtle dig after she endorsed Bernie Sanders’ bold tweet on billionaires following Donald Trump’s inauguration.
Did Timothée Chalamet’s sister make a jab at Kylie Jenner?
Image credits: Christopher Polk/GG2025/Getty
She was quick to reshare the politician’s thoughts, claiming that America’s system was “so flawed,” since it allowed billionaires to “barely pay (and sometimes not pay)” any taxes.
“This should not be possible,” she added in the now-deleted post. “Billionaires do not need to exist.”
Now enter her sibling’s beau — a billionaire herself. Not only that, but she was considered one of the most famous, according to Forbes in 2019.
Image credits: Variety / Getty
This caused a few people to raise some eyebrows, especially as they pulled up a message she reposted just last year from nonprofit organization Move On.
The tweet read, “If your job requires a college degree, you should be able to write off your student loan payments as a business expense the way CEOs write off their private jets and yachts for their jobs which require neither.”
A tweet Pauline reposted last year has resurfaced
Image credits: tchalamet
It eerily mirrors exactly what the Kylie Cosmetics founder owns: a private jet called Kylie Air, as reported by Daily Mail. And while it is still unclear whether she “writes off” her private jet as a business expense, many on social media have slammed her for her carbon dioxide emissions.
It’s not yet known whether Pauline meant those messages as a jab to the Keeping With The Kardashians star, but fans have already come to their own conclusions.
Image credits: pauline.chalamet
“Pauline has every right to express her beliefs and I agree with them,” wrote one user. “Also as a sister, I’d be horrified if my extremely talented A list younger brother was dating a Kardashian/Jenner. He doesn’t need her money and she didn’t earn it more than attaching her name to a corporation.”
“Could you imagine your son or brother coming home with Kardashian?” another asked. “His family needs to be concerned.”
Kylie is a billionaire and owns a private jet
Image credits: kyliejenner
Despite the noise online, both Kylie and Timothée seem to be in a happy, healthy place in their relationship.
As per the abovementioned outlet, the two were last seen in Paris on January 16 when the Dune actor was promoting his new film A Complete Unknown, a musical/drama movie that was released on Christmas Day. The 29-year-old took on the titular role of Bob Dylan.
Image credits: pauline.chalamet
Two weeks ahead of that, they attended the 2025 Golden Globes together in Los Angeles, this being the second year in a row that Timothée invited the beauty mogul as a plus one.
Now, they’re looking forward to the French actor’s second Best Actor Oscar nomination, announced on the morning of January 23.
Image credits: Sarah Stier / Getty
“[She] had a feeling Timothée was going to be nominated but actually seeing his name pop up on the TV screen was incredible,” a source shared to Elle, adding that Kylie was practically “screaming with excitement” at the news.
“[She] is ecstatic, and she’s so proud of him. Kylie is absolutely thrilled and can’t wait to see Timothée in person so they can celebrate this special moment in his life.”
The post Timothée Chalamet’s Sister Pauline Blasts Kylie Jenner In Bold Online Post first appeared on Bored Panda.
Timothée Chalamet’s Sister Pauline is not afraid to speak her mind, and she recently took to social media to blast Kylie Jenner in a bold online post.In the post, Pauline called out Jenner for promoting unrealistic beauty standards and perpetuating harmful ideals of perfection. She criticized the reality TV star turned makeup mogul for constantly altering her appearance through cosmetic procedures, sending a damaging message to her millions of impressionable followers.
Pauline urged Jenner to use her platform for more positive influence and to embrace her natural beauty instead of constantly chasing after an unattainable image of perfection.
The post quickly gained traction online, with many applauding Pauline for speaking out against the harmful effects of celebrity culture on young people’s self-esteem and body image.
It’s clear that Pauline is not afraid to stand up for what she believes in, and her bold online post serves as a reminder to all of us to question the messages we consume and the ideals we strive for in today’s social media-driven world.
Tags:
- Timothée Chalamet
- Pauline Chalamet
- Kylie Jenner
- Celebrity feud
- Online drama
- Timothée Chalamet’s sister
- Pauline Chalamet’s response
- Kylie Jenner controversy
- Social media feud
- Celebrity siblings
#Timothée #Chalamets #Sister #Pauline #Blasts #Kylie #Jenner #Bold #Online #Post