Oil prices remained largely unchanged after the US and China extended a tariff ceasefire until November 10, easing fears of a trade war that could depress energy demand. Brent fell to $66.27 and WTI to $63.51 per barrel.
The market now awaits the Trump-Putin meeting on Friday to discuss peace in Ukraine, amid US pressure on Russian oil buyers. The outcome could determine the direction of oil prices going forward.
Brent oil prices were at $66.41/Try Once at the time of writing.
DISCLAIMER
Note: This article is analytical only and is not a definitive reference. Pay attention to developments in fundamental and technical aspects of trading before making investment decisions.
Source: Newsmaker.id
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