Brent crude price bounces above $64 as Iran strike fears cool — what traders watch next
Brent crude rose 50 cents to $64.26 a barrel Friday after a sharp drop Thursday, as traders weighed easing U.S.-Iran tensions against rising U.S. inventories. U.S. crude stocks climbed by 3.4 million barrels last week, gasoline by 9 million. OPEC expects demand growth of 1.34 million bpd in 2027, while the IEA projects a potential surplus in 2026. European oil firms seek U.S. approval to resume Venezuelan crude exports.