Donald Trump
This week, Brent was up 0.7 percent and WTI rose 0.5 percent
These comments follow Powell's statement that policymakers shouldn't rush to cut rates amid inflation
“We know the Crown Prince, and I believe it would be a great location to meet,” said the U.S. President
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
