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Oil prices up after sharp losses with focus on tariffs, OPEC+ supply

Oil prices up after sharp losses with focus on tariffs, OPEC+ supply
# 11 July 2025 04:28 (UTC +04:00)

Oil prices held steady in Asian trade on Friday, following steep losses a day earlier, as markets digested fresh U.S. tariff threats from President Donald Trump and remained wary over the OPEC+ supply outlook, APA reports citing Investing.

Oil prices held steady in Asian trade on Friday, following steep losses a day earlier, as markets digested fresh U.S. tariff threats from President Donald Trump and remained wary over the OPEC+ supply outlook.

As of 21:47 ET (01:47 GMT), Brent Oil Futures expiring in September rose 0.5% to $69.01 per barrel, while West Texas Intermediate (WTI) crude futures gained 0.7% to $67.00 per barrel.

Both contracts fell nearly 2% on Thursday from two-week highs reached earlier this week.

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