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This week, Brent was up 0.7 percent and WTI rose 0.5 percent
The subscription period will open on February 20 and end on February 25
President Trump said he would impose reciprocal tariffs as soon as Wednesday evening on every country that charges duties on U.S. imports
Russia is the world's third-largest oil producer and sanctions imposed on its crude exports have supported higher prices
The U.S. Consumer Price Index (CPI) report is scheduled for release at 13:30 GMT later today
U.S. West Texas Intermediate (WTI) crude fell by 28 cents, or 0.4 percent, to $73.04 a barrel
Trump's 25 percent tariffs on steel and aluminum imports raised inflation fears, escalated trade tensions
Such tariffs could potentially hinder global economic growth as well as energy demand
Trump announced 25 percent tariffs on all steel and aluminum imports, escalating trade policy amidst existing metal duties
Crude oil WTI futures for March delivery increased by 0.6 percent to $71.13 per barrel
The exchange maintained its position as the second-largest bourse in the region and reinforced its ranking among the world's top 20 stock exchanges
Brent crude prices gained 0.51 percent to $74.67 but were set to fall 2.8 percent this week
Gold hit an all-time high of $2,882.16 on Wednesday and has gained more than 2 percent this week
Central banks' strong purchases and high gold prices drove demand to a record high of 4,974 tons
Analysts expect markets to remain volatile in the coming weeks as investors adjust to Trump's new policy positions and tariffs
Gold prices hit an all-time high of $2,882.16 in the previous session
Annual gold investment reached a four-year high of 1,180 tons, rising 25 percent year-on-year
Prices rose after China imposed tariffs on U.S. imports in response to new American duties
Crude oil WTI futures for March delivery rose by 0.1 percent, reaching $72.44 a barrel
Crude oil WTI futures expiring in March dropped 1 percent to $71.70 a barrel.
U.S. President Donald Trump suspended tariffs on Mexico and Canada on Monday
Several companies are set to release their fourth quarter of 2024 results this week, including ADNIC, ADNOC Gas and Al Salam Bank
On Saturday, Trump levied 25 percent tariffs on Canadian and Mexican imports and 10 percent on goods from China starting February 4
The focus on oil prices increase highlights concerns over potential supply disruptions from Canada and Mexico
