💨 Abstract
Global benchmark Brent oil fell nearly 3% on Wednesday, recovering slightly from a three-year low, due to larger-than-expected US crude oil stockpiles and concerns about OPEC+ plans to increase output and US tariffs on Canada, China, and Mexico. US West Texas Intermediate crude also fell 3%. The larger-than-expected US crude stockpiles were due to seasonal refinery maintenance.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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