Oil Prices Rise After Trump Targets India's Imports

Oil prices ticked higher in early Thursday trading in Asia, buoyed by renewed trade tensions and a surprise decline in U.S. crude inventories. The modest rebound follows a rough week for crude, which had slumped to two-month lows on concerns over rising OPEC+ output and faltering global demand. At the time of writing, Brent crude futures for October delivery rose 0.88% to $67.48 per barrel, while West Texas Intermediate futures climbed by 0.98% to $64.98. The upward momentum was driven in part by a new wave of geopolitical uncertainty after President…