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Oil dips from highs as tariff clarity awaited
short by / on Wednesday, 9 July, 2025
Oil prices eased slightly on Wednesday after hitting two-week highs, as investors awaited clarity on US tariff developments and anticipated rising crude inventories. Brent crude slipped 7 cents to $70.08 a barrel, while U.S. West Texas Intermediate fell 8 cents to $68.25 by 04:00 GMT, both down 0.1% from the previous session’s close.