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Oil: falling prices

05/02/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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Oil prices fell on Wednesday. The increase in American stocks and concerns about a new Sino-American trade war fuelled fears of weaker economic growth, counterbalancing US President Trump's new push to eliminate Iranian crude exports

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Brent futures were down 66 cents, or 0.87%, to $75.54 per barrel around 10:07 GMT. American West Texas Intermediate (WTI) crude lost 61 cents, or 0.84%, to $72.09. Oil traded in a wide range on Tuesday, with WTI at one point falling 3%, its lowest level since December 31, after China announced tariffs on American imports of oil, liquefied natural gas and coal in retaliation for American taxes on Chinese exports

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