💨 Abstract

Oil prices rebounded slightly on Friday, recovering from more than 1% losses in the previous session. This recovery was partially due to diminishing prospects of a quick end to the Ukraine war, which could bring back more Russian energy supplies. However, global trade tensions, particularly between the US and Europe, continue to escalate, raising recession fears and dampening demand for oil.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖