The U.S. shale industry is being hit by the crash in oil prices, which have slumped since President Donald Trump’s tariff announcement last week. WTI Crude prices were down nearly 1% at $61.76 per barrel in Asian trading on Thursday.
Oil prices climbed more than 4% on Wednesday, bouncing back from four-year lows earlier in the session, after U.S. President Donald Trump said he would further increase tariffs on China but pause the tariffs he announced last week for most other countries.
Curious Minds Corner
Is Earth the only place in our solar system with liquid hydrocarbons?
No, Saturn’s moon Titan has vast lakes and rivers of liquid methane and ethane (components of natural gas).