Oil Prices Rise Amid Inventory Build, Tensions, and Tariffs

Oil prices rose in volatile trading as investors weighed a sharp increase in U.S. crude inventories and global trade risks against attacks on shipping in the Red Sea. Brent crude increased by 0.4% to $70.45 a barrel, while WTI rose by 0.5% to $68.70 a barrel. The most recent EIA data revealed a 7.1 million barrel climb in U.S. crude oil inventories last week, with gasoline stocks decreasing as demand surged before the Independence Day holiday.

Read more at Barron’s: Oil Ticks Higher Amid Large U.S. Crude Build, Red Sea Tensions, Tariff Uncertainty