Oil prices steady after decline, trade war worries linger
Oil prices thoda sambhal gaye after a small dip on Tuesday. Kyunki zyada supply aur US-China trade war ki chinta demand outlook ko affect kar rahi hai. Brent crude $65 per barrel se neeche trade kar raha tha, previous session mein 0.3% ki girvaat ke baad. West Texas Intermediate bhi $61 ke paas tha.
IEA cuts global oil demand forecasts
International Energy Agency (IEA) ne is saal aur agle saal ke liye global oil consumption ke apne forecasts ko kam kar diya hai. Trade tensions badhne ki vajah se yeh decision liya gaya hai. IEA ki monthly report ke hisab se, supply demand se zyada hone ki sambhavna hai.
US crude inventories rise, but Cushing stocks decline
American Petroleum Institute (API) ki report ke mutabik, US mein crude inventories pichle hafte 2.4 million barrels badh gaye. Agar yeh official data se confirm hota hai, toh yeh teesra consecutive increase hoga. Lekin report mein Cushing, Oklahoma ke oil storage hub aur fuel inventories mein decline bhi dikhaya gaya hai.
Crude prices near four-year low amid trade war concerns
Crude prices abhi bhi chaar saal ke lowest level ke paas hain. Is mahine ke shuru mein tariffs aur counter-levies ki vajah se prices mein kaafi giravat dekhi gayi thi. US aur uske trading partners ke beech yeh tensions bani hui hain. Tuesday ko, Trump ne critical minerals par import taxes ki zarurat ki jaanch shuru ki. Sath hi, European Union ke sath trade differences ko khatam karne ki koshish bhi ki ja rahi hai.
Oil Minister Puri hints at petrol, diesel price cut
India ke Oil Minister Hardeep Singh Puri ne kaha hai ki agar Brent crude $60 per barrel par bana rahta hai, toh petrol aur diesel ki keematon mein kami ho sakti hai.
Prices update
* Brent for June settlement: 0.2% up at $64.78 per barrel
* WTI for May delivery: 0.2% up at $61.44 per barrel
