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oil prices steady as market anticipates new us tariffs

Oil prices steadied as the market anticipates new US tariffs, set to be announced at 11:00 p.m. Saudi time, which could exacerbate a global trade war and impact crude demand. Brent futures held at $74.49 a barrel, while US West Texas Intermediate rose slightly to $71.23.Despite a nearly 2 percent increase in March, prices remain stable amid concerns over the tariffs, with analysts suggesting that the announcement could lead to price fluctuations. US crude inventories rose by 6 million barrels, contrasting with declines in gasoline and distillate stocks, as the market awaits official data from the Energy Information Administration.
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Finance & Economy, Market Report
10:22 02.04.2025
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