Oil Steadies at End of Turbulent Week as Focus Shifts to Tariffs
Oil was steady at the tail-end of a momentous week, with focus shifting from the conflict in the Middle East to US tariff negotiations and the potential easing of Washington's sanctions on Iran.
West Texas Intermediate traded near $65 a barrel after gaining 0.5% in the previous session, while Brent settled near $68 on Thursday. The US and China finalized a trade understanding reached last month in Geneva, US Commerce Secretary Howard Lutnick said in an interview with Bloomberg Television. Meanwhile, the Trump administration discussed incentives to restart Iran talks including possibly easing sanctions, according to CNN.
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