Oil prices experienced a slight decline as concerns over U.S. tariffs and a looming supply boost from OPEC+ raised red flags among investors. With a trade deal uncertainty and rising crude inventories, experts weigh in on the implications for the market.
Oil prices saw a slight increase as investors reacted to the fragile ceasefire between Iran and Israel following recent military actions. Brent crude and WTI both gained over 1% after significant drops in previous sessions.
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Oil prices took a hit as hopes for peace between Russia and Ukraine impacted the market. Brent and WTI fell over 1% due to increased supply outlook and easing geopolitical tensions.
