Reported 28 days ago
Oil prices rose as markets reacted to President Trump's potential reciprocal tariffs on US trading partners, with Brent crude around $75 per barrel and West Texas Intermediate above $71. The upcoming tariffs, particularly on crude from Canada and Mexico, have heightened trade tension speculation, while confidence remains in securing exemptions. Additionally, US sanctions on Russian oil are tightening flows, influencing the outlook for global oil supply and demand.
Source: YAHOO