Crude oil futures are settling at $66.36, up five cents or 0.08%. The low price reached $65.60. The high price was at $67.09.
The price is rising from a six-month low despite growing concerns over rising supply, higher U.S. inventories, and weakening demand amid escalating U.S. trade tensions.
The small gains followed a sharp decline on Wednesday after the Energy Information Administration (EIA) reported a larger-than-expected 3.6-million-barrel increase in U.S. inventories.
Fears of slower economic growth and reduced oil demand from tariffs continues to weigh on the market.
On the supply side, OPEC+ is set to unwind 2.2 million barrels per day of production cuts over the next 18 months, starting in April, adding to the bearish sentiment. Meanwhile, non-OPEC supply continues to rise, with U.S. production hitting a record 13.51 million barrels per day last week.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about crude oil futures settles 66 36 was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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