A loan to Angola from JPMorgan, which was the subject of a $200 million margin call during a market selloff caused by U.S. trade tariffs, cost just below 9%, the finance ministry said. This was less than what the country would have paid for conventional debt,

Global oil demand in early May indicates a tepid year over year growth, analysts at J.P. Morgan, including Natasha Kaneva, Head of Global Commodities Strategy at the company, said in a research note sent to Rigzone by the JPM Commodities Research team on Thursday.

Brent crude futures settled up $1.67 at $66.63 a barrel. U.S. West Texas Intermediate crude finished up $1.72 at $63.67

Gas prices in the US are averaging about $3.12 per gallon, and could drop below $3 this summer as oil trades at the lowest level since 2021.

Many believe we are in a 'peak Trump' phase, suggesting that the worst is behind us and we are now entering a period of de-escalation', JP Morgan analysts said.

The head of the largest independent oil producer in the Permian Basin predicts US shale production has peaked and will likely decline from here as oil prices hover near four-year lows. "We have a very good view of what the US looks like.

Oil prices have entered a sharp decline, hitting their lowest levels in over four years – a development poised to bring welcome relief to American drivers just as the peak summer travel season kicks off.

Congress is pushing for new oil and gas leases in the Arctic National Wildlife Refuge, which would threaten the region’s outdoor recreation economy and generate minimal revenue for taxpayers.

A loan to Angola from JPMorgan, which was the subject of a $200 million margin call during a market selloff caused by U.S. trade tariffs, cost just below 9%, the finance ministry said.

HOUSTON: Crude oil futures climbed more than $1 a barrel on Tuesday, lifted by a temporary cut in U.S.-China tariffs and a better than expected inflation report. Brent crude futures rose $1.11, or 1.71%, to $66.07 a barrel by 1443 GMT. U.S. West Texas Intermediate (WTI) crude was up 95 cents, or 1.53%, at $62.90.