Oil under pressure from tariffs, economic data, and Trump's words
Oil under pressure from tariffs, economic data, and Trump's words
Brent crude prices fluctuated around $67
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Brent crude prices fluctuated around $67 per barrel on Wednesday, holding onto more than a 2% drop from the previous session. Investors were weighing ongoing uncertainties amid geopolitical risks and trade tensions. Brent has once again pulled back, failing to break through a key resistance zone. Technically, the market remains in a downtrend, and fundamentals continue to offer little support for the bulls. Starting today, secondary US tariffs on Indian goods have come into effect — imposed as a penalty for India's
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