Oil prices are struggling due to uncertainty around tariffs and their impact on global demand.
Libya supply fears were alleviated as exports returned to normal after discussions with protesters.
US inventories rose, but total US oil demand also increased, offsetting downward pressure on oil prices.
From a technical analysis standpoint, Brent has tapped into a key area of support and formed a double bottom pattern.
29-01-2025 11:36 GMT
by Zain Vawda