6 August 12:21
Oil prices rose, recovering earlier losses, amid Trump's threats of tariffs on India, which imports crude from Russia.
Miruna Brosban
International
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Oil prices rose on Wednesday, with Brent contracts reaching $68.54/barrel and WTI at $66.08/barrel, in reaction to President Trump's threats of additional tariffs on India over Russian crude imports. Analysts suggest that India could reduce purchases of Russian oil, but a complete halt is unlikely due to the profitability of these imports. International tensions are rising and the war in Ukraine remains a source of uncertainty, weighing on oil prices in the short term.
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