Oil Flat as Markets Assess Effects of Trade WarSingapore, 16 Apr (ONA) — Oil prices were flat early today,
as shifting US trade policies fuelled uncertainty while markets
assessed the potential impact of the US-China trade war on economic
growth and energy demand.
Flat Brent crude futures rose 5 cents, or 0.1%, to $64.72 per
barrel, while US West Texas Intermediate crude was up 3 cents, or
0.1%, to $61.36.
Both benchmarks fell 0.3% on Tuesday.
Meanwhile, US crude oil stocks rose 2.4 million barrels in the
week ended 11 April 2025, while gasoline inventories fell 3 million
barrels and distillate stocks dropped 3.2 million barrels, market
sources said, citing American Petroleum Institute figures on Tuesday.— Ends/Khalid
