Reported about 24 hours ago
The U.S. Energy Information Administration has noted that rising OPEC+ output and unpredictable tariff policies are contributing to increased short-term volatility in oil prices. Following a recent agreement to boost oil production, prices hit a four-year low, leading to concerns about future demand and the impact on global trade. Although the EIA forecasts a slight increase in OPEC+ production, U.S. oil output projections have been revised downward due to falling prices.
Source: YAHOO