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ComMODITY: OIL REBOUNDS

06/08/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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After reaching their lowest level in five weeks in the previous session, oil prices rebounded on Wednesday.

Brent crude futures gained $1.11, or 1.6%, to $68.75 per barrel at 11:19 GMT, while American West Texas Intermediate crude rose $1.12, or 1.7%, to $66.28 per barrel.

Both oil contracts fell by more than $1 on Tuesday to their lowest level in five weeks, marking a fourth session of losses.

According to Janiv Shah, an analyst at Rystad, “prices have rebounded due to the potentially higher tariffs imposed on India, but the market is waiting for some sort of formal implementation as well as what elements of the market will be affected.”

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