Oil Steady as Investors Weigh Impact of US TariffsSingapore, 25 Mar (ONA) —- Oil prices were little changed today as markets weighed the impact of newly announced US tariffs
on countries that buy Venezuelan oil and the uncertain outlook for
global demand.
Brent crude futures were up 1 cent at $73.01 a barrel. US West
Texas Intermediate crude dipped 1 cent to $69.10.
Both benchmarks gained more than 1% on Monday after US President
Donald Trump announced a 25% tariff on countries importing oil and
gas from Venezuela.
Experts expect that WTI to stay around $70 for the rest of the
year, with potential seasonal gains as the US and other countries
enter the driving season.—- Ends/Khalid
