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Oil Prices Edges Higher With Traders In Limbo Over US Trade Policies

West Texas Intermediate rose toward $73 a barrel, after a climb in US stockpiles on Wednesday helped drive futures to the lowest close this year. Brent ended near $77.

Bloomberg News

Oil has had a bumpy start to the year, initially pushing higher as cold weather aided demand, and the outgoing Biden administration rolled out a fresh package of sanctions against Russian flows. Photo: Peter Boer/ Bloomberg

(Bloomberg) -- Oil edged higher as investors waited for clarity on the US administration’s plans for trade policy, with Donald Trump’s pick for commerce secretary saying Canada and Mexico may be able to avoid levies.

Also Read: Asian Stocks Up Early As Tariffs Remain In Focus: Markets Wrap

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