Oil prices have experienced a slight increase, with Brent crude at $68 per barrel, largely driven by new U.S. sanctions targeting Iranian oil exports. While a surging U.S. equity market supports the recovery, lingering concerns about trade tensions and a reduced global economic outlook could hinder future oil demand.
Russia has reduced its 2025 Brent forecast, and analysts caution that trade disputes may continue to negatively impact oil prices despite the recent rebound. End of live blog 1m ago 2:24pm CST Elliott Pushes BP for $20B Cash Flow Surge…Oil Prices Up 3% on Shifting Geopolitical Landscape
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