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Oil-Linked Stocks Fall Pre-Bell After China Tariff Retaliation

, MT Newswires - 9:17 AM ET 4/4/2025 US Markets

09:17 AM EDT, 04/04/2025 (MT Newswires) -- Oil-related stocks fell in premarket activity Friday after China, a major oil importer, vowed to impose an additional 34% tariff on all imported US goods, effective April 10.

Shares of Exxon Mobil ( XOM ) fell 2.9%, Chevron ( CVX ) slipped 2.8%, Schlumberger ( SLB ) dropped 4.9%, and Marathon Petroleum ( MPC ) declined 4.4% after China's response to the Trump administration's announcement of additional duties on goods imported from various countries, including China.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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Oil-Linked Stocks Fall Pre-Bell After China Tariff Retaliation

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