Oil Prices Climb Amid U.S.-EU Trade Hopes and Russian Export Restrictions

Oil Prices Climb Amid U.S.-EU Trade Hopes and Russian Export Restrictions

Oil prices are rising on renewed U.S.-EU trade optimism, tighter global fuel inventories, and expectations of Russian export restrictions.

Oil prices climb on US-EU trade optimism, Russian gasoline cuts

Brent crude futures gained 17 cents, or 0.3%, to $69.35 a barrel by 0027 GMT. U.S. West Texas Intermediate crude futures climbed 15 cents, or 0.2%, to $66.18 per barrel.

Oil Steadies With US Trade Tariff Outlook, Stockpiles in Focus

Oil rose following a string of losses as progress on international trade talks and strong US jobs data eased concerns that demand will deteriorate in the near term.

The WTI rises about $ 66.00 for commercial optimism and the reduction of crude oil reserves in the US. - World Stock Market

The WTI price rises to $ 65.95 in the first bars of the Asian session on Friday. Optimism about new US trade agreements and crude oil declines in the US support the WTI price. Crude inventories in the United States fell at 3,169 million barrels last week, according to EIA. The West Texas Intermediate (WTI), the referent of the US crude oil, trades around $ 65.95 during the first hours of European negotiation on Friday. The WTI extends the reboun…

Oil Steadies With US Trade Tariff Outlook, Stockpiles In Focus

Oil steadied after a string of losses, with investors looking to US trade talk progress and low inventory levels.Brent crude traded below $69 a barrel after four sessions of declines, with West Texas Intermediate above $65. US President Donald Trump said he would set tariffs of 15% to 50% ahead of an Aug. 1 deadline for trade talks. The 15% levy rate was set for Japan on Wednesday, while the European Union is progressing toward a similar agreeme…