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Brent settled up 73 cents, about 1%, at $73.24 and WTI rose 1.1% to $70. Investors looked past mixed US crude and fuel data while weighing Trump's Russia stance and tariff threats.
Higher crude prices raise input costs for fuel and fertilizer and can lift vegetable oil prices through biofuel links. The move is a routine market reaction with no major new supply shock.
reuters.comArathy SomasekharJul 30, 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.
