Reported about 11 hours ago
Oil prices fell as worries about weak U.S. demand, uncertain tariffs, and an anticipated output increase from OPEC+ weigh on the market. Brent crude futures decreased to $68.58 a barrel, while U.S. West Texas Intermediate crude dropped to $66.94 amid fears of higher tariffs potentially affecting fuel demand. Additionally, a survey indicated that China's service activity slowed, and U.S. crude inventories unexpectedly rose, further raising concerns about demand during the peak summer driving season. Market participants are cautious ahead of the upcoming U.S. jobs report.
Source: YAHOO