Yongchang Chin

Oil held a decline as the market braced for a flurry of executive orders from US President Donald Trump following his inauguration, after he held off unveiling China-specific tariffs on day one.

(Bloomberg) -- Oil held a decline as the market braced for a flurry of executive orders from US President Donald Trump following his inauguration, after he held off unveiling China-specific tariffs on day one.

Oil held losses as President Donald Trump threatened a tariff on China, raising concerns over trade wars on several fronts after the president said he may slap hefty levies on Canada and Mexico.

(Bloomberg) -- Oil held losses as President Donald Trump threatened a tariff on China, raising concerns over trade wars on several fronts after he said hefty levies on Canada and Mexico were being considered.

(Bloomberg) -- Oil fluctuated after President Donald Trump threatened tariffs on China and the European Union, while traders continued to assess the fallout from unprecedented US sanctions on Russia.

Oil fluctuated after President Donald Trump threatened tariffs on China and the European Union, while traders continued to assess the fallout from unprecedented US sanctions on Russia.

A surge in the cost of physical crude cargoes as China and India rush to replace Russian flows is prompting refiners in other parts of Asia to consider cutting run rates, according to traders.

Brent for March settlement fell 0.3% to $78.74 a barrel at 12:10 p.m. in Singapore.

Oil steadied near $79 after an industry report pointed to the first gain in US crude stockpiles since mid-November, while the market watched for further pledges on global trade from President Donald Trump.

(Bloomberg) -- Oil headed for the first weekly decline this year after Donald Trump raised the prospect of trade wars and said he will ask Saudi Arabia and OPEC to lower prices in his first few days as the new US president.