04 Jun 2025
Crude oil prices surged over 1% on Tuesday, climbing to their highest levels in two weeks as escalating wildfires in Canada’s oil sands region forced significant production shutdowns
US–China trade relations, which had shown signs of improvement following a rollback of select tariffs on 14 May, are once again deteriorating.
The 2505 for May 2025 delivery contract on Dalian Commodity Exchange on 03 June 2025 settled as follows:
03 Jun 2025
The gains came as wildfires raging across Alberta—Canada’s key oil-producing province—curtailed approximately 7% of national crude output as of Monday, according to Reuters.
02 Jun 2025
Traders remained on edge amid reports that OPEC and its allies may consider increasing production by more than 411,000 barrels per day next month.
30 May 2025
According to a statement issued by the Ministry of Commerce and Industry, the authorities have acknowledged receipt of the application and assigned a case number.
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