Reported about 10 hours ago
Oil prices remain near six-month lows as trade tensions escalate due to President Trump's tariffs, negatively impacting energy demand forecasts. West Texas Intermediate is trading around $66 per barrel, amidst a nearly 20% decline since January. Despite some delays and exemptions proposed for certain sectors, the overall market sentiment is bearish, with OPEC+ planning to increase production, leading analysts to lower their price forecasts.
Source: YAHOO