‎Oil prices decline amid renewed trade war concerns

‎Oil prices decline amid renewed trade war concerns

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.

https://www.argaam.com/en/article/articledetail/id/1817979