Energy news

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Brent Oil Market Update: Tariffs, Supply Concerns, and Price Analysis

Brent Crude rose above key levels but faces significant challenges ahead. Market participants are focused on factors like US tariffs, supply concerns in the Permian Basin, and potential US-Iran tensions affecting oil prices. Technical analysis suggests possible pullback after recent breakout.

27-03-2025 18:44 GMT by Zain Vawda

Brent Oil Price Update: Crude Reacts to Iran Sanctions & Potential US Tariffs

Brent Oil prices are volatile due to US fuel supply drops, Iran sanctions, and potential tariffs. Chevron's Venezuela license extension is debated, impacting supply. Technical analysis shows Brent trading in a tight range, with the RSI suggesting possible momentum shifts.

20-03-2025 14:03 GMT by Zain Vawda