Oil prices fell due to an unexpected rise in US crude oil inventories and the extension of the US-Mexico trade deal.
Gabriel Dumitrache
International
Foto: Shutterstock
Always see our news on Google
Brent and WTI oil prices fell on Thursday, influenced by a surprise rise in US crude inventories and the extension of the US-Mexico trade deal. The tariffs imposed by the US are hurting demand for oil, and the inflation they generate is reinforcing expectations that the Federal Reserve will not cut interest rates. US oil production hit a new record and crude oil inventories rose by 7.7 million barrels, while gasoline stocks fell, suggesting strong demand. Geopolitical tensions and US sanctions add further risks to the oil market.
Sources
Latest News
21:50
Sorin Grindeanu, leader of the PSD, announces that the party will not vote for the Mureșan Government: “I would bet it gets fewer votes than Adrian Veștea”
21:45
BVB broadly lower at Monday’s close / BET falls 2.59%
21:38
Maia Sandu warns that Russian drones have violated Moldova’s airspace 39 times this year: “Today, the risks are real”
21:25
The Senate voted for school uniforms to become mandatory / The Chamber of Deputies will decide the final form of the bill
21:24
Volkswagen accelerates restructuring / Tens of thousands of employees protest in Germany as the company prepares further job cuts
See more news
NEWS ON THE SAME TOPICS
.webp)
.webp)
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
