Oil Market
Oil prices experienced a slight decline after a significant rise the previous day, influenced by a larger-than-expected decrease in U.S. gasoline stocks. Brent futures dipped to $70.90 per barrel, while U.S. West Texas Intermediate crude futures decreased to $67.58 per barrel. Despite positive data from U.S. fuel inventories, concerns about an escalating global trade war initiated by U.S. tariffs have weighed on the market.