Oil Prices Rise on EU Trade Agreement and US-China Tariff Truce Hopes

Reported about 14 hours ago

Oil prices increased on Tuesday, driven by optimism surrounding the newly signed U.S.-EU trade agreement, a potential extension of the tariff truce between the U.S. and China, and President Trump's ultimatum to Russia regarding the Ukraine war. Brent crude futures rose to $70.28 a barrel, while U.S. West Texas Intermediate crude reached $66.93 a barrel, reflecting a boost in market sentiment amid these geopolitical developments.

Source: YAHOO

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