Oil Prices Steady on Solid Job Market, Tariff Uncertainty
7 Articles
7 Articles
Oil Prices Hold Steady as Market Eyes OPEC+ and Tariffs
Brent and WTI crude prices moved little over the last 24 hours, with Brent closing at $68.54 per barrel and WTI at $66.85 per barrel, according to official exchange data. The market saw subdued trading volumes as the U.S. Independence Day holiday limited activity. Traders focused on the upcoming OPEC+ meeting and the potential impact […]
Oil holds steady as U.S. Fed rate pause and tariff talks keep markets in check - The Arabian Stories News
Muscat: Oil prices stabilized as the stability of the U.S. labour market strengthened the Federal Reserve’s position to keep interest rates unchanged, while investors await clarity on President Donald Trump’s plans for tariffs on various countries. Brent crude futures rose 1 cent, or 0.01 percent, to $68.81 a barrel. U.S. West Texas Intermediate crude rose 3 cents, or 0.04 percent, to $67.03. The post Oil holds steady as U.S. Fed rate pause and …

Oil prices steady on solid job market, tariff uncertainty
Oil prices saw minimal change on Friday. A strong job market in the U.S. supports the Federal Reserve maintaining current interest rates. Investors are awaiting clarity on President Trump's tariff plans. OPEC+ plans to increase oil production. The U.S. imposed sanctions on Iranian oil smuggling and a Hezbollah-linked institution. Barclays raised its Brent oil price forecast for 2025 and 2026.
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