58
Oil futures extend early gains, looking beyond a large U.S. crude inventory build as U.S. tariff threats against Russia add geopolitical risk.
U.S. trade deals with the EU and others have supported prices this week, while an agreement with China is pending.
“Although news points to a crude oil price surge, technical analysis indicates price cap risks remain within the borders of a 3-year descending channel,” Razal Hilal of Forex.com says in a note.
