Oil prices rise due to production cuts and geopolitical tensions, despite U.S. tariff concerns.

From Barron’s: 2025-02-11 04:12:31

Oil prices continue to rise, with Brent crude and WTI up 1% at $76.67 and $73.07 a barrel. Russian oil production fell below OPEC+ quota in January, easing oversupply worries. Geopolitical tensions and attacks on energy infrastructure between Russia and Ukraine are contributing to the price hike.



Read more at Barron’s: Oil Extends Gains Despite U.S. Tariff Concerns