Reported 25 days ago
Oil prices continued to decline slightly amidst rising supply and demand uncertainties, as OPEC+ increases output by 547,000 barrels per day. This marks a reversal of previous cuts despite a weak economic outlook, with analysts highlighting the potential for a U.S. recession and stagnant growth in China. The ongoing trade tensions, particularly between the U.S. and India over Russian crude purchases, further add to market instability.
Source: YAHOO