Oil prices
Optimism over progress in tariff negotiations with the U.S. helped drive buying activity
Traders worry Trump's tariffs may slow global economic growth and reduce energy demand significantly
U.S. tariffs on EU imports are expected to raise trade anxieties beyond the oil sectorÂ
Oil market's muted response reflects skepticism about the potential impact of the sanctions
U.S. crude inventories fell by 3.9 million barrels, exceeding expectations for a substantial decrease
OPEC projects better global economic performance in the second half, improving oil demand expectations
Prices fluctuated as increased travel contends with concerns over U.S. tariffs and economic growth
Traders consider whether the U.S. will impose tariffs on nations trading with Russia.
Brent crude futures reached $70.51, while WTI saw gains amid ongoing tariff uncertainty and sanctions
OPEC Secretary General emphasized the need for balanced policies to achieve energy security and climate goalsÂ
Oman’s government debt burden fell to 35.5 percent of GDP, continuing an improvement trend since 2020Â
