Oil Prices Decline on Recession Fears and Increased Supply

Oil prices have dropped for the second consecutive day, influenced by concerns over a potential US recession and the impact of tariffs on global growth. Additio read more

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Oil prices have dropped for the second consecutive day, influenced by concerns over a potential US recession and the impact of tariffs on global growth. Additio

Oil prices have dropped for the second consecutive day, influenced by concerns over a potential US recession and the impact of tariffs on global growth. Additional factors include increased oil production from OPEC+ nati

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Full Story

Oil prices have dropped for the second consecutive day, influenced by concerns over a potential US recession and the impact of tariffs on global growth. Additional factors include increased oil production from OPEC+ nations:

  • Brent futures decreased to $69.22 per barrel.
  • U.S. West Texas Intermediate crude fell to $65.90 per barrel.

These developments reflect apprehensions about weakened demand and potential market imbalances.

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