💨 Abstract

Oil prices rose 1% on Monday due to U.S. President Trump's plan for a 25% tariff on countries buying oil from Venezuela and new U.S. sanctions on Iranian oil exports. However, gains were capped by OPEC+'s planned May oil output hike and potential increases in Russian crude supply due to talks to end the Ukraine war. Brent crude futures increased 70 cents to $72.8

Courtesy: theprint.in

Summarized by Einstein Beta 🤖