Oil prices
Barclays lowered its Brent forecast by $4 to $66 a barrel due to OPEC+ decisions
GCC economies are expected to grow 3 percent in 2025 and 4.1 percent in 2026
Last month, Brent and WTI marked their biggest percentage drops since November 2021
Primary market dollar issuance shows promise despite recent quietness in the GCC region
After a price increase in February, petrol rates saw a slight decrease in March and April
Trump's tariffs have raised fears of a potential recession in the global economy this yearÂ
U.S. crude oil stockpiles likely rose by about 500,000 barrels in the recent week
U.S. WTI crude gained 41 cents, reaching $63.43
Brent is on track for a 2 percent weekly fall while WTI crude is set to decline 2.9 percent for the week
U.S. crude imports surged 1.14 million barrels daily, the highest increase since late 2024Â
The U.S. and China could be moving closer to trade talks, which gives oil prices some support
