Oil Prices Plunge Following Trade Tariffs and OPEC+ Output Increase

Edited by: Татьяна Гуринович

Oil prices experienced a significant drop, the largest since 2023, due to the combined impact of President Trump's trade tariffs and OPEC+'s decision to accelerate output increases. West Texas Intermediate futures decreased by as much as 7.3%, while the international benchmark crude approached $70 per barrel.

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