Reported about 18 hours ago
Oil prices are set for a fourth consecutive weekly increase as traders prepare for President-elect Donald Trump’s upcoming term, with anticipation surrounding potential sanctions and trade policies. Brent crude has risen to about $82 a barrel, while West Texas Intermediate exceeded $79. Experts suggest that although new sanctions may be introduced, they will likely take a backseat initially, especially following the Biden administration's recent restrictions on Russian oil. The market is also influenced by weather-related demand and dwindling US crude inventories.
Source: YAHOO