... barrel for the first time since late June. Meanwhile, American WTI is holding steady around $69. Several factors are fueling the price increase: Trade De-escalation Between the U.S. and Allies: A framework agreement between Washington and Brussels has prevented the escalation of trade disputes. The parties agreed on mutual tariff reductions and significantly increased exports of U.S. energy resources to Europe, improving investor sentiment and bolstering expectations for rising demand for U.S. oil ...

... "cooling" effect on oil prices. Macroeconomic Conditions. The global economic environment remains mixed. On one hand, commercial crude oil inventories in the U.S. fell more than expected by the end of July, indicating active consumption and preventing prices from dropping sharply. On the other hand, there are signals of a slowing global economy: demand for raw materials in China is growing more cautiously than anticipated, and the U.S. has seen moderate job growth. However, central banks ...

... expectations of an imminent easing of monetary policy in the U.S. have strengthened following a series of disappointing macroeconomic data. On the other hand, geopolitical tensions have somewhat eased: a recent compromise between Washington and Brussels has prevented a new tariff war, which has supported risk appetite. Wall Street, which set records in July, is facing volatility amid mixed signals. Investors are evaluating the prospects of an economic slowdown, but strong reports from tech giants are sustaining ...

The reduction of exports from Iran will prevent Brent from falling below $70, says Sergey Tereshkin (Prime news agency). Against the backdrop of instability in the global oil market, Iran has joined Saudi Arabia's initiatives aimed at supporting prices. The article examines Iran's key measures,...

... ongoing risks of a slowdown in the global economy, exerts a "cooling" effect on prices. Macroeconomic Factors. At the end of the last week, commercial oil inventories in the U.S. decreased more than expected, indicating resilient demand and preventing a sharp drop in prices. At the same time, expectations of monetary policy easing in major economies fuel investor interest in commodity assets, including oil. As a result, by the end of the week, the oil market is in a state of relative equilibrium....