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Oil rose 1.4% to settle above $64 a barrel after US crude and fuel inventories fell more than expected. The US also raised its tariff on some Indian goods to 50% over India's purchases of Russian oil.
Inventory draws and firm fuel demand offset glut fears and support crude prices, which feeds into biofuel and energy input costs.
rigzone.comMia Gindis, Alex LongleyAug 27, 2025Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
