💨 Abstract

Oil prices eased on Friday due to concerns about global recession due to US tariff wars, but are set for a third weekly gain due to increased pressure on Venezuela and Iran by the US. Brent crude fell 0.6% and US West Texas Intermediate fell 0.9%. The trade war and US policy uncertainty are affecting sentiment, but high-frequency oil demand indicators have held up relatively well.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖