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What to Watch in Oil Markets This Week

What to Watch in Oil Markets This Week
business7/28/2025

Oil prices may have ticked up following the U.S.–EU trade agreement, but key decisions from OPEC+ and the Federal Reserve this week could shift market direction sharply.

Oil prices moved higher in early Asian trade on Monday after the U.S. and EU reached a tariff agreement, averting a major trade war. The framework sets U.S. tariffs on most EU goods at 15%, down from previously threatened levels, and includes EU comm... [1923 chars]