June 18, 2025--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--While IIR Energy continues to monitor the status of oil refineries in the Middle East, the U.S. said regional waterways are at risk, but open for cargo. The price for Brent crude oil, the global benchmark, was up some 2% at the start of trading Tuesday on Wall Street to move near the $75 per barrel mark, the highest level since late April. Crude oil prices had been in retreat for much of the second quarter amid concerns that protectionist trade policies from the U.S. would throttle global growth.
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