Oil Prices Stabilize After Recent Decline Amid Tariff and Supply Concerns

Reported about 11 hours ago

Oil prices have increased slightly after hitting multi-year lows due to heavy selling, but uncertainties surrounding tariffs and rising supply continue to limit gains. Brent crude rose to $69.69 per barrel and West Texas Intermediate reached $66.70, recovering from recent drops attributed to U.S. tariffs and OPEC+ output increases. Market sentiment remains bearish as U.S. crude inventories surged unexpectedly, indicating weakened domestic demand.

Source: YAHOO

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