Reported about 10 hours ago
Oil prices steadied as fears of a trade war between the US and China threatened global growth, contrasting with rising economic pressure on Iran from the Trump administration. Brent crude hovers around $76 per barrel, while West Texas Intermediate exceeds $72. Despite potential impacts from US tariffs, analysts suggest that US crude exports to China remain minimal, and alternative markets could absorb any disruptions. Meanwhile, a rise in US crude inventories poses additional challenges to price stability.
Source: YAHOO