💨 Abstract

Oil prices rose slightly in early Asian trade on Friday but are expected to decline for the third consecutive week due to US President Donald Trump's escalating trade war with China and threats of tariffs on other countries. Brent crude and US West Texas Intermediate crude are on track for their steepest weekly drops since September 2024, with analysts attributing the decline to concerns over a potential trade war fueling fears of weakening oil demand.

Courtesy: theprint.in

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