Oil Prices Stabilize After Saudi Price Hike

Reported about 7 hours ago

Oil prices experienced a modest rise in Asian trading following a significant increase in March oil prices set by Saudi Arabia's state oil company. Despite this uptick, prices remain affected by a recent 2% drop due to rising U.S. crude and gasoline stockpiles, coupled with uncertainties surrounding new U.S.-China trade tariffs. Analysts predict continued price volatility in the upcoming weeks as the market reacts to geopolitical developments and economic policies under the Trump administration.

Source: YAHOO

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