Traders seem more focused on the tariffs (related to Russia)
Oil prices rallied after President Trump said he would shorten the deadline for Russia
Trump issued the 50-day timeline to Putin in July
The euro zone economy has remained resilient to the pervasive uncertainty
Brent crude futures had gained 80 cents, or 1.17%, to $69.31 a barrel
Both benchmarks lost about 1% in the previous session
Brent crude futures were down 92 cents, or 1.3%, to $68.29 a barrel
U.S. tariffs stoked demand concerns
U.S. West Texas Intermediate crude lost 16 cents, or 0.2%, to $67.38
The oil market was also reacting to a tightened inventory scenario
U.S. gasoline stocks rose by 3.4 million barrels last week
A weaker US dollar also lifted prices by making oil cheaper for buyers
Trump ramped up his trade war again on Monday
Goldman analysts expect OPEC+ to announce a final 550,000-bpd increase for September
A surprise build in U.S. crude inventories also highlighted demand concerns
All eyes will be on OPEC+'s decision over the weekend
The US driving season had started slowly but was now stoking demand
Brent crude, the global oil benchmark, fell 6.1% to $67.14 a barrel
The S&P 500 gained 1.11% to end at 6,092.18
US stock futures rise after Trump says ceasefire reached between Israel and Iran
The Trump administration issued fresh Iran-related sanctions
Israel bombed nuclear targets in Iran on Thursday
Oil traders see the Israel-Iran conflict as the most significant geopolitical event
Brent crude futures were up $4.11, or 5.9%, to $73.47 a barrel
Next week, Wall Street's attention will shift to the Fed
Israel’s Defense Minister Israel Katz declared a state of emergency
U.S. West Texas Intermediate crude fell 18 cents, or 0.3%, to $67.97 a barrel
Trump said Beijing would supply magnets and rare earth minerals
There's a sense of optimism around the trade talks
Brent rose 4% last week