Reported 1 day ago
Oil prices remained steady as traders braced for impending US tariff announcements, following a significant rally last month. Brent crude traded below $75 while West Texas Intermediate hovered above $71, with uncertainty prevailing regarding the potential impacts of tariffs on global markets. President Trump is expected to unveil a variety of tariff measures, potentially affecting supply chains and geopolitical dynamics, particularly concerning Russia and Iran. Additionally, US crude inventories have reportedly risen, indicating possible shifts in the market.
Source: YAHOO