0950 ET - Oil futures are recouping some of the previous day's losses, while the market continues to ponder the impact of trade tariffs, rising U.S. crude stocks, and prospects of a step-up in OPEC+ output in April. "Most traders feel the U.S. tariff threats to China are for real and could damage their economy further, and with OPEC set to raise production soon, WTI prices may have heavier headwinds in the future," BOK Financial's Dennis Kissler says in a note. "Look for a choppy type trade until more is known about tariffs." WTI is up 0.7% at $71.53 a barrel, and Brent is 0.6% higher at $75.02.(anthony.harrup@wsj.com)
(END) Dow Jones Newswires
February 06, 2025 09:50 ET (14:50 GMT)
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