Oil

Stocks Slide as Tariff Angst Adds to Price Worries: Markets Wrap
Wall Street traders worried about the potential impacts of US tariffs on inflation didn’t get much relief from economic data that only underscored concerns over price pressures, reinforcing speculation the Federal Reserve will be in no rush to cut interest rates.

China’s Oil Teapots Cut Runs to Pandemic Levels After Sanctions
Private oil processors in China have slashed their operating rates to levels last seen at the beginning of the pandemic, as US sanctions on Russia cut a key source of crude supply.

China Refiners Set to Resell US Oil Cargoes After Tariff Blitz
China’s state-run refiners are expected to resell US oil cargoes and seek alternative supplies in the aftermath of Beijing’s response to Washington tariffs, a move that is already pushing up the cost of some replacement grades.