Reported about 10 hours ago
Oil prices are hovering near their lowest levels of the year, influenced by tariff threats from President Trump and ongoing supply concerns. Brent crude is priced below $73 a barrel, following a 3% decline over recent sessions. Trump's announcement of potential tariffs on Mexico, Canada, and the EU, alongside issues like the potential revocation of Chevron's license in Venezuela and new agreements in Iraq, adds to market uncertainty. These developments, combined with soft US economic data, are shaping a bleak outlook for oil prices.
Source: YAHOO