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Oil eases on concerns about escalating tariff wars’ impact on global economy
Oil prices eased on Thursday after surging the day before as worries about the impact of intensifying tariff wars on global economic growth and energy demand outweighed the positive sentiment from a larger-than-expected draw in US gasoline stocks. Brent futures fell 7 cents, or 0.1%, to $70.88 a barrel by 0107 GMT, while US West Texas Intermediate crude futures shed 11 cents, or 0.2%, to $67.57 a barrel. Both benchmarks rallied about 2% on Wednesday as US government data showed tighter-than-expected oil and fuel inventories. US crude stockpiles rose by 1.4 million barrels in the latest week, Energy Information ... (full story)
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- Posted: Mar 13, 2025 12:49am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 88
