WTI futures ended Thursday’s session just below a $62.59 pivot, paring earlier gains as a late-week rally fizzled. Crude prices initially rose following a U.S. trade court ruling that overturned broad Trump-era tariffs, which briefly lifted sentiment across risk assets. However, the upside lacked conviction, with futures retreating into the close and pushing prices down roughly 1% for the week.
Brent tracked similarly. The subdued response signals a market lacking directional confidence, with traders opting to stay sidelined ahead of clearer…Oil Markets Await Clear Signals From OPEC+
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