Reported about 17 hours ago
Oil prices stabilized after a sharp drop, affected by market fears regarding tariffs and economic growth. West Texas Intermediate hovered around $66 per barrel following a 1.5% decline, while Brent crude was near $69. Concerns over US tariff policies and geopolitical issues have led investors to retreat from risk, driving oil prices down nearly 20% since mid-January. Despite the bearish outlook, US Energy Secretary Chris Wright's comments on sanctions against Iranian oil have offered some optimism among industry leaders.
Source: YAHOO