The global oil markets witnessed a turbulent week, with prices rising in the final trading session. However, they still recorded the largest weekly decline since last October, driven by growing concerns over the impact of U.S. trade policies on global oil demand.
Despite these gains, investors remain wary about future oil demand, especially as OPEC+ prepares to boost production, potentially adding more pressure on prices.
With market uncertainty persisting, the biggest challenge for major producers remains balancing supply and demand amid shifting global economic policies. Can oil prices regain momentum soon?
- WTI crude futures rose 1.02% to $67.04 per barrel
- Brent crude futures increased 1.3% to $70.36 per barrel