Oil prices edged lower in Asian trade Thursday, extending recent declines as traders braced for higher U.S. crude production under President Donald Trump. Brent futures slipped 0.3% to $78.80 per barrel, while WTI futures fell 0.2% to $75.27.
Crude prices have dropped from six-month highs as uncertainty surrounding Trump’s energy and trade policies loomed. A ceasefire between Israel and Hamas further eased geopolitical risk premiums. Meanwhile, cold weather across the U.S. and Europe increased heating demand, supporting prices. U.S. sanctions on Russia also contributed to tighter supply expectations.
American Petroleum Institute data revealed a 1-million-barrel rise in U.S. inventories last week, breaking a five-week streak of draws. Official inventory data due later Thursday could confirm this trend, though analysts expect crude inventories to have declined while product stockpiles grew.
Trump’s declaration of a national energy emergency and his rollback of climate-related restrictions aim to boost production, which already hit record highs of 13 million barrels per day in 2024. Increased U.S.


Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions
Thailand Inflation Remains Negative for 10th Straight Month in January
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 



