Reported 1 day ago
Oil prices fell for a second consecutive day due to growing fears of a potential U.S. recession, the impact of tariffs on global growth, and an increase in supply from OPEC+. Brent futures decreased by 0.1% to $69.22 a barrel, while U.S. West Texas Intermediate crude dropped 0.2% to $65.90. President Trump's trade policies have unsettled markets globally, with investors reacting to the risks of diminished demand. Analysts note that if prices remain below $70 per barrel for an extended period, OPEC+ might reconsider its output increases.
Source: YAHOO