Oil prices slip, pressured by uncertainty surrounding U.S. tariffs and growing concerns over the potential effect of a prolonged trade war with China on global demand. Brent is down 0.4% at $64.40, while WTI falls 0.5% to $61.04 a barrel. "With volatility spiking and potential surplus looming, the oil market appears headed into a structurally fragile phase," Tobias Keller, strategist at UniCredit, says. Investors now await clarity on the Trump administration's next policy steps and any development in negotiations with key trading partners. Meanwhile, U.S. crude oil stocks rose by 2.4 million barrels last week, while gasoline and distillate inventories fell, according to reports citing figures from the American Petroleum Institute ahead of official EIA data.
WDS Price at posting:
$19.32 Sentiment: Buy Disclosure: Held
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