After dipping to a five-week low, oil prices jumped back up on Wednesday as traders reacted to a wave of political and supply-driven headlines.
At the center of the market’s shift was U.S. President Donald Trump, who issued a stern warning to India threatening higher tariffs due to its continued purchases of Russian crude. The message rattled global trade watchers and sent a clear signal: energy politics are heating up.
But that wasn’t the only spark.
Data also showed a larger-than-expected drop in U.S. crude inventories, adding to the pressure and tightening the supply outlook.
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As of mid-morning:
• Brent crude rose 90 cents (1.3%) to $68.54 per barrel
• West Texas Intermediate (WTI) climbed 92 cents (1.4%) to $66.08
Analysts say the market is likely to stay volatile as geopolitical tensions flare and energy data continues to surprise. With Trump making headlines again, global oil flows may soon face fresh disruption.
Stay tuned it’s not just oil prices rising, it’s political heat too.
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