The North Sea crude, a benchmark in Europe, ended the session on the Intercontinental Exchange trading eight cents below the $68.59 with which it closed transactions on Tuesday.
The day on the market proceeded without major fluctuations, with investors in anticipation as August 2 approaches. Without an agreement by then, new heightened U.S. tariffs on imports from the European Union (EU) are set to take effect.
Diplomatic sources confirmed today that the U.S. and the EU are closer to an agreement, which would translate into 15% tariffs on European products, following a U.S. accord with Japan.
