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Oil Prices Steady amid Sanctions, Economic Growth ConcernsSingapore, 21 Jul (ONA) — Oil prices were little changed today as traders assessed the potential impact of new European sanctions on Russian oil supply, alongside growing concerns over the fuel demand outlook as tariffs weighed on global economic growth.
Brent crude futures rose 5 cents to $69.33 a barrel, after settling 0.35% lower on Friday.
US West Texas Intermediate crude was at $67.36 a barrel, up 2 cents, following a 0.30% decline in the previous session.
The European Union approved on Friday the 18th package of sanctions against Russia over the conflict in Ukraine.
Meanwhile, US tariffs on imports from the European Union (EU) are set to kick in on 1 August 2025.— Ends/Khalid
