Brent Crude Price Fluctuations Supply Chain U.S. Crude Oil Supply and Demand Supply Concerns Geopolitical Impact Futures Trading Tariffs U.S. Crude Oil Prices WTI Futures WTI Crude Production Levels West Texas Intermediate Iraq Oil Exports Brent and WTI Futures Futures Contracts Inventory Levels Geopolitical Tensions
Easing trade barriers between the US and EU with a potential US–China tariff truce has driven oil above $70 per barrel alongside risks of tighter Russian supply from new sanctions.