LIVE: Oil Prices Teeter on Mixed Market Signals ...Middle East

OILPRICE - Economy
LIVE: Oil Prices Teeter on Mixed Market Signals
source : OILPRICE ( Middle East ) () 31
Oil prices dipped approximately 0.9% after starting the morning in the green, with Brent crude at $66.83 and WTI at $63.12, driven by Kazakhstan’s defiance of OPEC+ quotas, signaling sustained high output. Despite earlier gains from U.S. sanctions on Iranian oil and a 4.6-million-barrel drop in U.S. crude inventories, bearish pressures dominated. President Trump’s softened stance on China tariffs and Fed Chair Powell bolstered demand hopes, but oversupply concerns prevailed. Meanwhile, U.S. stocks rallied, with the Dow up 2.61%, S&P…

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