‎Oil prices decline amid renewed trade war concerns

‎Oil prices decline amid renewed trade war concerns ‎Oil prices decline amid renewed trade war concerns

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Oil drilling rigs

Oil prices fell on Friday as investors are anticipating an eight-OPEC+ member meeting tomorrow, while monitoring global trade developments.

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July Brent crude futures dropped by 0.3%, or $0.20, to $63.95 per barrel.

July WTI futures also fell by 0.35%, or $0.20, to $60.74 per barrel at 8:02 AM Makkah time.

A federal appeals court temporarily reinstated President Donald Trump’s global tariff plan, Reuters reported.

 

Oil drilling rigs

Oil prices fell on Friday as investors are anticipating an eight-OPEC+ member meeting tomorrow, while monitoring global trade developments.

July Brent crude futures dropped by 0.3%, or $0.20, to $63.95 per barrel.

July WTI futures also fell by 0.35%, or $0.20, to $60.74 per barrel at 8:02 AM Makkah time.

A federal appeals court temporarily reinstated President Donald Trump’s global tariff plan, Reuters reported.

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