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Oil Steady after Trump’s Tariff Reprieve and US-Iran Talks

Bloomberg · last updated

Oil held steady as traders weighed the latest US moves in the global trade war, as well as the prospect of looser restrictions on Iranian crude.

West Texas Intermediate settled little changed near $61.50 a barrel, and Brent held below $65. While equities rallied after US President Donald Trump paused import duties on some electronics, fresh data revealing that American consumers see higher inflation in the year ahead weighed on oil futures.

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