Oil prices experienced a slight increase following a U.S.-EU trade agreement and potential extension of a tariff pause with China, easing concerns about economic slowdown and reduced fuel demand. However, gains are limited by the potential for OPEC+ to further ease supply curbs. Yemen’s Houthis also announced they would target ships dealing with Israeli ports, adding geopolitical uncertainty.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets