Oil Rises Despite Increased Production and More Tariffs

La Nación, Grupo Nación

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Washington. Oil prices continued their upward trend on Tuesday, as investors seemed not to care about the increase in OPEC+ production quotas and Donald Trump's new tariff announcements.The North Sea Brent barrel price, for delivery in September, rose by 0.82%, to $70.15.The US equivalent, the West Texas Intermediate barrel, for delivery in August, rose by 0.59%, to $68.33.Although financial markets “take into account” Trump's trade war since hi…

Bani.md

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Oil prices are stagnating after OPEC+ decided to increase production in August and Trump continues to threaten new trade tariffs. Traders are on the sidelines. Oil is holding steady around $69 a barrel as traders try to understand the impact of two major events: Trump's threats of new tariffs and OPEC+'s decision to increase production. Brent is trading near $69 a barrel, and West Texas Intermediate is below $68. Trump has again threatened tarif…