Reported about 9 hours ago
Oil prices have stabilized near a three-month low, following OPEC+'s announcement to increase production by 138,000 barrels per day in April. This move comes despite concerns about weak demand and looming trade wars initiated by the Trump administration, particularly tariffs on Canada and Mexico that take effect soon. West Texas Intermediate is positioned around $68 a barrel, while Brent crude is under $72, overshadowed by potential retaliatory measures from affected countries, especially China and Canada.
Source: YAHOO