Oil prices increased nearly 1% in early trading on Wednesday, building on the previous day’s gains as investors considered a new set of sanctions on Iran, a decline in U.S. crude inventories, and a more conciliatory stance from Donald Trump regarding the Federal Reserve. The market discovered support following Trump’s decision on Tuesday to retract threats Read More
In early trading on Wednesday, oil prices experienced a significant decline, reaching their lowest levels in over four years. This downturn is attributed to growing concerns over demand, exacerbated by an intensifying tariff conflict between the United States and China, the two largest economies globally, alongside an increasing supply forecast. Brent futures experienced a decline of Read More
Brent crude prices have experienced a decline of over 3%, reaching their lowest point since 2021. Oil prices approached their lowest closing levels since the height of the coronavirus pandemic in 2021 on Friday, impacted by U.S. President Donald Trump’s announcement of new tariffs and increased output from the OPEC+ producer group. Brent futures experienced a significant Read More
