Reported about 11 hours ago
Oil prices increased due to anticipated strong summer demand from the U.S. and China, although concerns about the broader economy and potential tariff impacts tempered gains. Brent crude climbed to $69.07 a barrel while U.S. West Texas Intermediate reached $66.99, reversing previous declines. Analysts highlighted that seasonal demand from increased travel and industrial activity is currently supporting prices, despite warnings of unstable underlying market fundamentals.
Source: YAHOO