Oil prices remained largely steady on Friday as a robust U.S. job market reinforced expectations that the Federal Reserve will keep interest rates unchanged. Investors are closely watching for updates on President Trump’s tariff plans. Meanwhile, OPEC+ has announced plans to boost oil output. In other developments, the U.S. imposed sanctions targeting Iranian oil smuggling operations and a Hezbollah-affiliated organization. Additionally, Barclays has revised its Brent crude price forecast upward for 2025 and 2026.
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