Reported 22 days ago
Oil prices experienced fluctuations as traders reacted to President Trump's tariff threats and renewed tensions in the Middle East. West Texas Intermediate crude hovered around $68 a barrel while the U.S. government warned trading partners of high tariffs, affecting the long-term outlook for energy demand. Simultaneously, Houthi attacks on commercial ships in the Red Sea added to market volatility, although demand in the U.S. and China remained strong. Analysts suggest that despite OPEC+ increasing production, low oil inventories and solid near-term demand could support price stability.
Source: YAHOO