Download
Mobile App

android apple
signal

March 6, 2025 7:12 PM

printer

Oil prices up

Oil prices edged up today, recovering slightly from yesterday’s low, but still remained under pressure amid trade tariffs between the US, Canada, Mexico and China, and Organization of the Petroleum Exporting Countries (OPEC+) plans to raise output. Brent Crude was trading over 0.6 percent up at around 69 dollars and 72 cents per barrel. WTI Crude was also trading over 0.6 percent up at around 66 dollars and 74 cents per barrel when reports last came in. Meanwhile, US commercial crude oil inventories increased by 3.6 million barrels to 433.8 million barrels in the week ending 28th February, according to data released by the Energy Information Administration.