Reported about 12 hours ago
Oil prices have stabilized following a significant rise, buoyed by a decrease in Russian crude supply that mitigates concerns over the impact of President Trump’s newly announced tariffs on aluminum and steel imports. Brent crude futures approached $76 a barrel, and West Texas Intermediate remained above $72 as Russian production fell below OPEC+ quotas. Despite previous price declines due to tariff fears, market analysis suggests that we may have reached a temporary low influenced by both short-covering and organic buying.
Source: YAHOO