Oil Prices Rise Amid US-EU Trade Positivity and Russian Export Cuts

Reported 1 day ago

Oil prices increased on Friday due to optimism about a potential US-EU trade deal and reports of Russia's plans to limit gasoline exports. Brent crude rose 0.3% to $69.35 per barrel, while West Texas Intermediate crude gained 0.2% to $66.18 per barrel. Additionally, US crude inventories saw a significant drop, further driving market confidence as investors anticipate upcoming economic data.

Source: YAHOO

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