Hey kids! Did you know that oil prices, like the price of Bitcoin, can go up and down? This news is about oil, not crypto, but it shows how world events affect prices. It's a bit like a rollercoaster!
- Oil prices went up a tiny bit because the dollar got weaker.
- But worries about the US economy and tariffs (taxes on goods from other countries) kept the price from going up too much.
- Lots of oil is being made in the US, which might affect prices.
- People are watching to see what happens with inflation and what OPEC (a group of oil-producing countries) does.
| Thing | Number |
|---|---|
| Brent oil price (per barrel) | $69.69 |
| US oil price (per barrel) | $66.38 |
| US daily oil production (estimate) | 13.61 million barrels |
