Russia
U.S. crude oil inventories unexpectedly rose by 7.7 million barrels in the week ending July 25, reaching 426.7 million barrels
Trump plans secondary tariffs of 100 percent unless Russia resolves its conflict within 10 days
Investors await key U.S. macroeconomic data and Federal Reserve meeting with rates expected to remain steady
The U.S.-EU agreement imposed a 15 percent tariff, averting a major trade war impact
Brent crude is up 0.4 percent so far this week, while WTI has declined by 1.4 percent
This decision follows eight cuts since June last year as trade relations with the U.S. remain unclear
The dollar index fell 0.06 percent to 97.15 on Thursday, a more than two-week low
Optimism over progress in tariff negotiations with the U.S. helped drive buying activity
U.S. tariffs on EU imports are expected to raise trade anxieties beyond the oil sector
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