Reported about 17 hours ago
Oil prices showed slight increases as traders assessed ongoing geopolitical tensions and OPEC+ supply cut plans against a backdrop of weakening demand signals from major economies like the U.S. and China. Brent crude futures rose to $73.78 per barrel, while West Texas Intermediate crude hit $70.08. Factors influencing prices included rising U.S. crude inventories and predictions that non-OPEC supply growth may outpace global demand in 2025. The market also contemplates the ongoing conflict in the Middle East, which could affect oil production regions.
Source: YAHOO