OPEC+
Market anticipates OPEC+ decision on increased crude oil output, affecting global prices
Trump's deadline extension for EU trade talks aims to alleviate concerns about tariffs and fuel demand
Brent was down 2 percent so far this week, while WTI was 2.7 percent lower
Both Brent and WTI were up 1 percent so far this week after a surge earlier in the week
The International Energy Agency (IEA) expects global oil stocks to rise by over 700,000 b/d across the year
U.S. and China cut tariffs temporarily, boosting markets but leaving uncertainties unresolved.
Chinese Vice Premier He Lifeng said a U.S.-China joint statement would be released on Monday
Despite signs of easing tensions, analysts cautioned that the recent tariff-driven volatility in the oil market was not over yet
Despite gains, oil prices have suffered significant losses in 2025 due to slowing demand and rising production
Crude stocks fell by 4.5 million barrels recently, with analysts expecting further declines in inventories
Brent crude futures reached $61.20, while U.S. West Texas Intermediate settled at $58.05 a barrel
