Oil Prices Increase After EU and US Strike Trade Deal Before Deadline

Reported about 9 hours ago

Oil prices rose as the European Union and the United States reached a trade agreement just ahead of a deadline set by President Trump for tariff implementation. Brent crude was trading near $69 a barrel, while West Texas Intermediate exceeded $65. Despite some disagreement on details between Trump and EU Commission President Ursula von der Leyen, the agreement has boosted market sentiment amidst ongoing concerns over international tariffs and OPEC+ production increases.

Source: YAHOO

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