Oil prices were rising, with Brent crude up 0.4% at $68.91 a barrel, and WTI up 0.5% at $66.91 a barrel.
Market fundamentals for oil remain fundamentally tight on bullish seasonal demand, while new Houthi attacks on cargo vessels transiting the Red Sea are adding a risk premium, BMI analysts said in a note.
President Donald Trump’s decision to delay the reintroduction of so-called “reciprocal” tariffs until August has also been positive for the market, BMI noted.
www.barrons.com
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