Oil Prices Stabilize Amid Tariff Uncertainty and Global Demand Concerns
Oil prices remained steady as investors navigated the implications of new U.S. tariffs on Venezuelan oil imports, compounded by uncertainties over global demand.
Market Highlights:
- Brent and WTI exhibited minimal change, settling at $73.01 and $69.10 per barrel.
- Economic tensions and tariff measures might dampen demand while tightening supply.
Investors must stay alert to geopolitical developments that could impact oil pricing trends.