Reported about 12 hours ago
Oil prices remained stable as investors reacted to the U.S. government's decision to impose a 25% tariff on all steel and aluminium imports, which may impact global economic and energy demand. Brent crude rose slightly to $75.98 a barrel, while U.S. West Texas Intermediate crude increased to $72.37. The tariffs, aimed at supporting struggling U.S. industries, could pose risks for a trade war and affect oil pricing dynamics. Additionally, the U.S. Federal Reserve's indecision on interest rate cuts amid rising inflation adds to the uncertainty surrounding oil demand.
Source: YAHOO