Reported 1 day ago
Oil prices fell on Thursday after a report indicated an increase in U.S. crude stockpiles, combined with concerns over tariffs potentially impacting the global economy. Brent crude dropped to $75.82 per barrel while West Texas Intermediate decreased to $71.95. Despite earlier gains amid supply disruption fears in Russia, broader worries about European and Chinese oil demand kept prices subdued. Indirect negotiations in the Middle East may alleviate some supply risks, but ongoing issues in Russian oil flows continue to limit potential losses in prices.
Source: YAHOO