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
22:56
Petrișor Peiu announces that AUR will summon Alexandru Nazare to Parliament for explanations regarding the budget deficit and will submit a simple motion against him
22:47
Ilie Bolojan stated that there is no question of replacing him as leader of the PNL
22:28
Ilie Bolojan, warning for the Niculescu Government: PNL will penalize budgetary deviations
21:57
Alexandru Rogobete announces a national program to reduce hospital-acquired infections
21:23
Latvian forces alerted the population after an unidentified object entered national airspace near the borders with Russia and Belarus
See more news
NEWS ON THE SAME TOPICS
Current Affairs
Oil prices rising / Brent approaches a five-month high amid tensions in the Middle East
International
Oil prices rose sharply by almost 5% after the American attacks on Iran, amplifying fears about energy supply.
International
Oil prices rose on Wednesday amid supply concerns following Houthi attacks on Saudi Arabia
.webp)
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
