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Oil Prices Hold Three-Day Gain With Trump’s Next Russia Move In Focus

West Texas Intermediate was near $64 a barrel on Thursday after closing 1.7% higher in the previous session. Brent settled above $67.

Bloomberg News

Oil is still lower this year, with a looming glut toward the end of 2025 set to put downward pressure on prices. (Image: Jordan Vonderhaar/Bloomberg)

Quick Read
Summary is AI Generated. Newsroom Reviewed

  • Donald Trump questioned Russia's incursion into Polish airspace, causing oil futures to spike briefly
  • West Texas Intermediate was near $64 a barrel after a 1.7% rise in the previous session
  • Trump threatened new tariffs on India and China to pressure Russia over the Ukraine war
Did our AI Summary help ?  Let us know

Oil steadied after a three-day gain as investors weighed Donald Trump’s latest comments regarding Russia and whether the US president will follow through with measures to punish Moscow for the Ukraine war.

Also Read: Oil Climbs As Traders Weigh Trump’s Tariff Threats, Doha Strike

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India Plans To Retain Market Borrowing Target After Tax Cuts

  • chevron-double-right India will keep its borrowing programme unchanged for the second half of the financial year
  • chevron-double-right The government will absorb revenue losses from recent consumption tax cuts
  • chevron-double-right Capital expenditure will not be cut to meet the fiscal deficit target of 4.4% of GDP
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