Geopolitical Impact Brent Crude Crude Oil Prices Supply Chain Geopolitical Risks Supply and Demand OPEC+ Decisions Brent and WTI Prices Saudi Arabia Global Supply Chain Geopolitical Factors U.S. Crude Futures Traders Geopolitical Concerns Inventory Data Geopolitical Influences Export Controls Brent and WTI Crude OPEC+ Meetings Economic Indicators Inventory Levels Production Decisions Supply Concerns Production Trends
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.