Baku 22° C
Oil prices rise 1% after five days of decline
Energy
- 07 August, 2025
- 09:56
Global oil prices rose by 1% on Thursday morning after five consecutive trading sessions of decline, Report informs referring to trading data.
The price of October Brent crude futures rose by 0.84% to $67.45 per barrel, and September WTI futures by 0.95% to $64.96.
Brent and WTI fell by 9.2% over the previous five trading days.
Traders continue to monitor US President Donald Trump's statements on the country's trade policy, as well as on geopolitical events.
On Wednesday, Trump signed an executive order imposing an additional 25% duty on imports from India for its purchases of oil from Russia.
He also said that the US could impose new duties on China.
Author
Latest News
00:00
Azerbaijan observes Remembrance Day
Karabakh23:52
Pezeshkian says meeting with Trump would not be useful
Region23:32
Azerbaijani Embassy in Czechia holds remembrance event
Foreign policy23:23
Wet snow and hail forecast for several regions of Azerbaijan
Ecology22:56
100 fans to support Azerbaijan against Lithuania
Football22:30
Martyrs of Patriotic War commemorated in Sarajevo
Foreign policy22:07
Tens of thousands left without power as storm hits northeastern US
Other countries21:49
Azerbaijani gymnasts win bronze at World Championships in Italy
Individual sports21:17