Oil inches up on tighter supply risks; views mixed on Trump auto tariffs impact

Quick Summary:

Oil prices edged up on Thursday on concerns about tighter global supply after U.S.tariff threats on Venezuelan oil buyers and earlier sanctions on Iranian oil buyers, while traders weighed the impact of U.S.

President Donald Trump's auto tariffs.

Brent crude futures gained 7 cents, or 0.1 per cent, at $73.

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Article Details

Category: EconomyBusiness

Markets: SingaporeIndiaVenezuela

Topics: Cent Tariffs Crude Demand Prices Switch Venezuelan View Buyers Trump Tariff

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-27 @ 09:21:44 (5 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 472 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 27363847

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 56 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Publisher ID: #27

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