... escalation of geopolitical rhetoric. A key event in recent days was the trade-energy deal between the U.S. and the EU, accompanied by a softening of mutual trade disputes. Washington and Brussels have developed agreements aimed at preventing a new tariff war: mutual understanding has been reached on reducing tariffs and increasing energy supplies from the U.S. to Europe. The energy component of the agreement is beneficial for both sides: the EU receives additional guarantees of stable gas and oil supplies,...

... level of $70 per barrel. American WTI remains around $66-67. Price increases are fueled by several positive factors: U.S.-EU Trade Truce: The conclusion of a framework agreement between Washington and Brussels helped avoid an escalation of the trade war at the last moment. The parties agreed to mutually lower tariffs and significantly increase the export of American energy resources to Europe. This news improved investor sentiment and heightened expectations for increased demand for U.S. oil in the ...