Reported 25 days ago
Oil prices steadied after a three-day decline as investors assessed the risks to Russian supply. President Trump threatened India with higher tariffs on exports to the U.S. if it continues purchasing Russian crude, aiming to pressure Moscow over the Ukraine conflict. Brent crude traded below $69 per barrel, showing a drop of over 6% during previous sessions, while concerns lingered about a potential oil surplus due to OPEC+ supply increases and a slowing U.S. economy impacting energy demand.
Source: YAHOO