Major oil producers announced a bigger-than-expected output boost for May, even as Trump’s tariffs tank crude prices.

But Trump’s shifting policies make it difficult to gauge ... oil fundamentals are already bearish. The market is on the brink of oversupply, and OPEC just decided to start producing more crude.

For instance, tariffs on goods imported from China are now set to total 54%; the country is the world's largest importer of crude oil. "[The] 54% tariff on China is a significant negative surprise ...

Oil futures touched multiyear lows on Friday ... futures dropped more than 6% to settle at $65.58. The last time crude traded at these levels was in 2021. Crude losses deepened after China ...

But there are probably few industries feeling more aggrieved right now than US shale oil. Over the last 15 years, it has made America the world’s top crude producer, lowered energy costs and ...