Oil drilling rigs
Oil prices rose today, May 29, after a US court ruled against President Donald Trump's trade tariffs, boosting risk appetite in global markets as supply and demand prospects were assessed.
Brent crude was trading up 1.4% at $65.80 a barrel, at 08:10 am Makkah time. West Texas Intermediate (WTI) crude rose 1.55% to $62.79 a barrel.
A US trade court ruled on May 28 that Trump exceeded his authority by imposing sweeping tariffs on imports from US trading partners.
In April, Venezuela canceled scheduled shipments to Chevron, citing uncertainty over payment amid US sanctions, Reuters reported.
Markets are awaiting the release of official weekly inventory data from the Energy Information Administration later today, after the American Petroleum Institute estimated that crude oil inventories fell by 4.2 million barrels during the week ended May 23.
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}