Production

Oil prices rise following EU-US trade deal and concerns over Russia flows

Trade agreement between US and EU avoids trade war as Trump hikes pressure on Russia to reach ceasefire with Ukraine

Crude prices have been creeping upwards during Tuesday trading following the signing of a trade deal between the EU and the US.
Crude prices have been creeping upwards during Tuesday trading following the signing of a trade deal between the EU and the US.Photo: REUTERS/SCANPIX
Breaking News EditorLondon
Published 29 July 2025, 11:10Updated 29 July 2025, 11:10
Oil PriceUnited StatesEuropean UnionRussiaUkraine