💨 Abstract

Oil prices slipped on Thursday due to macroeconomic concerns, including potential harm to global demand from tariff wars between the U.S. and other countries. The International Energy Agency reported a possible excess of global oil supply over demand by around 600,000 barrels per day this year. The report cited deteriorating economic conditions and escalating trade tensions, with U.S. President Trump threatening further tariffs on European Union goods.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖