menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Funding News

>

Oil Prices...
source image

Bloomberg Quint

6d

read

49

img
dot

Image Credit: Bloomberg Quint

Oil Prices Steady As Traders Weigh Rising US Stockpiles, Trump’s Levies

  • Oil prices remained stable as traders assessed the impact of increased US crude stockpiles and new tariff rates set by President Donald Trump.
  • US crude inventories rose by about 7.1 million barrels last week, marking the largest build since January.
  • Global markets are responding to Trump's tariff actions, with concerns about retaliation from targeted nations affecting oil prices.
  • Despite OPEC+ deciding to increase output more than expected, oil prices are slightly up this week, with worries about a surplus later in the year as peak demand weakens.

Read Full Article

like

2 Likes

For uninterrupted reading, download the app