Reported about 15 hours ago
The recent decline in crude oil prices has raised concerns about its effects on global markets, primarily driven by OPEC's expected supply increase and U.S. energy policies. Analyst Fernando Valle explains that the addition of over 2 million barrels a day to an already loose market contributes significantly to price drops. Additionally, U.S. administration aims to reduce oil prices towards $50 to alleviate inflation.
Source: YAHOO