Oil prices rose after Trump extended trade talks with the EU. Also, limited progress in talks between the US and Iran reduced concerns about Iranian oil.
Brent and WTI crude fell more than 2%, weekly decline for the first time in three weeks. OPEC+ is considering increasing production by 411,000 barrels per day.
Oil prices fell after the US government released data on increased inventories of crude oil, gasoline and distillates. At the same time, concerns remain about a possible Israeli strike on Iranian nuclear facilities.
Brent crude futures fell by 0. 5%, WTI also fell by 0.5%. The reason was traders' expectations of a potential jump in oil inventories in the US.
Oil prices rose in Asian trading, recovering from a fall to their lowest level since 2021. The reason for the fall was concerns about the consequences of the trade war between the US and China.
Oil prices continue to decline, heading for their biggest monthly drop in more than three years. The reasons are the trade war and fears about increasing supply.
Brent crude fell to $65. 42 a barrel, WTI to $61.65. Economists fear a recession due to the trade war, Barclays lowered its oil price forecast.
Oil prices rose due to US-China trade talks and a possible increase in OPEC+ supply. Brent rose to $67.08, WTI to $63.26 per barrel.
Global oil prices rose by almost 1% due to sanctions against Iran and a reduction in US reserves. Brent price exceeded $68 per barrel.
Brent crude futures rose 0. 5%, WTI - 0.7%. Investors are closing short positions, fearing a recession due to tariffs and US monetary policy.