menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Funding News

>

Oil Prices...
source image

Bloomberg Quint

2d

read

95

img
dot

Image Credit: Bloomberg Quint

Oil Prices Steady As Traders Focus On OPEC+ Supply And Trump Tariffs

  • Oil prices steadied after falling more than 2% on Thursday as investors assessed the impact of OPEC+ supply decisions and President Trump's tariffs.
  • West Texas Intermediate was around $67 a barrel, while Brent closed below $69 in the previous session.
  • OPEC+ is considering pausing production increases after a planned hike in September, potentially reversing recent output cuts earlier than anticipated.
  • Despite concerns about oversupply, there are indications of tightness in the physical oil market, with demand typically strong during the Northern Hemisphere summer.

Read Full Article

like

5 Likes

For uninterrupted reading, download the app