💨 Abstract

Oil prices declined on Tuesday due to OPEC+'s decision to increase output in April and the implementation of U.S. tariffs on Canada, Mexico, and China, as well as China's retaliatory tariffs. Additional factors included President Trump's halt of military aid to Ukraine and the potential easing of sanctions on Russia. These developments have raised concerns about potential oversupply in the market and have been weighing on oil prices.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖