Oil Prices Stabilize Amid U.S. Crude Stockpile Increase and Geopolitical Tensions

Reported about 11 hours ago

Oil prices recover slightly after falling, as traders evaluate a rise in U.S. crude stockpiles alongside growing geopolitical concerns. West Texas Intermediate crude hovers around $67 per barrel, with a reported increase of 4.6 million barrels in nationwide inventories, amidst a backdrop of a weakening economy and an escalating trade war initiated by President Trump. Market sentiment remains cautious due to both supply increases and weak demand in China.

Source: YAHOO

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