Reported 1 day ago
Oil prices stabilized in thin trading on Wednesday following a decline driven by concerns over new U.S. tariffs expected to exacerbate a global trade war, potentially impacting crude demand. Brent crude remained at $74.49 a barrel, while U.S. West Texas Intermediate rose slightly to $71.23. Market analysts anticipate that the impending announcement on tariffs could either push prices up or down, with risks leaning towards a decline if the measures underwhelm.
Source: YAHOO