According to Reuters, oil prices increased on Thursday after the US federal trade court blocked the implementation of tariffs imposed by President Donald Trump. On Thursday, the prices of two benchmark oil grades—Brent and WTI—rose by approximately 78 cents, or 1.2% and 1.3%, respectively.
A decrease of the indicator value may contribute to the rise in quotes of WTI, Brent.
The Norwegian Statistical Office (SSB) says they're expecting a record-breaking level of investment in the country's oil and gas sector in 2025. Revised estimates indicate that total capital inflows are likely to hit 269.1 billion Norwegian kroner (about $26.46 billion).
The energy market remains volatile. On Wednesday, oil prices rose as the US tightened restrictions on exports of raw materials from Venezuela. In particular, the ban has affected one of the largest US producers, Chevron.
Saudi Arabia may lower the price of its oil for Asian buyers in July to the lowest level in six months due to an increase in OPEC+ supply. This information comes from industry sources surveyed by Reuters.
The USD publication is expected
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