Thus far in calendar year 2024 (CY24), Brent crude oil prices hit a low of around $69 a barrel before breaching the $91 a barrel mark in April 2024 as geopolitical concerns rose
As a sign of continuity at the US Federal Reserve (US Fed), however, Trump, reports suggest, wants Jerome Powell to continue till his term ends
International benchmark Brent crude futures were at $58.70 a barrel by 0039 GMT, down 24 cents, or 0.41%, from their previous settlement and trading near seven-month lows
China's trade surplus with the United States swelled to a record in June
Analysts fear a full-blown trade war between the United States and Europe could cut growth in Germany, the biggest EU economy, by up to 1 percentage point