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Softening oil prices
Financial Express Pune
|March 10, 2025
The prospects for weaker demand amidst higher oil supplies will clearly weigh on prices
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RENT SPOT PRICES softened to lows of $69.7 a barrel last week as global markets reacted to US President Donald Trump's tariff disruption and the oil cartel, Organization of the Petroleum Exporting Countries (OPEC), and its allies' decision to increase production from April. The prospect of a trade war has triggered fears of weaker global demand amidst prospects of higher oil supplies. The question naturally is whether the dip in oil prices is only a blip or an augury for a persisting downtrend.
Bu hikaye Financial Express Pune dergisinin March 10, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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