Oil prices remained steady as investors weighed U.S. tariffs on Venezuelan oil and gas against potential economic impacts on global oil demand. Brent crude and U.S. West Texas Intermediate both saw slight increases. The market remains cautious amid U.S. sanctions on Iran and Venezuela, while OPEC+ plans to raise oil output amidst ongoing Ukraine peace talks.
Investors should raise cash by up to 10% as Trump tariffs roil markets: Axis Securities
Axis Securities advises investors to increase cash holdings by up to 10% and selectively buy high-quality stocks amid market volatility from U.S. tariffs on Indian