Reported 28 days ago
Oil prices showed little movement as investors considered the implications of U.S. tariffs on oil imports from Venezuela. While Brent crude futures slightly rose to $73.01 and West Texas Intermediate to $69.12, concerns about the potential economic slowdown due to these tariffs and their impact on oil demand were palpable. Meanwhile, OPEC+ is expected to continue its plan to increase oil output, and ongoing diplomatic talks regarding the Ukraine conflict are also under scrutiny for their potential effects on global oil supply.
Source: YAHOO