Oil Prices Steady Amid OPEC+ Output Increase and U.S. Tariff Concerns

Reported about 22 hours ago

Oil prices showed some stability on Wednesday after hitting multi-month lows, influenced by plans from OPEC+ to increase production in April and the imposition of U.S. tariffs on Canada, Mexico, and China. Brent crude rose slightly to $71.10 a barrel, while U.S. WTI fell to $68.02. Analysts warn that tariffs could slow economic growth and fuel demand, potentially impacting the world's largest oil consumer as uncertainty looms over global supply and economic conditions.

Source: YAHOO

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