Oil prices climbed on Thursday after a U.S. court blocked President Donald Trump’s proposed tariffs, easing market concerns over trade disruptions. Traders also kept a close eye on the potential for new U.S. sanctions targeting Russian crude exports and an upcoming OPEC+ decision on a possible output hike in July.
Brent crude futures rose 81 cents, or 1.25%, to $65.71 a barrel, while U.S. West Texas Intermediate (WTI) crude gained 83 cents, or 1.34%, to $62.62 a barrel as of 0102 GMT.
Brent crude futures rose 81 cents, or 1.25%, to $65.71 a barrel, while U.S. West Texas Intermediate (WTI) crude gained 83 cents, or 1.34%, to $62.62 a barrel as of 0102 GMT.
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