💨 Abstract

Oil prices declined on Thursday due to U.S. President Trump's pledge to increase domestic oil production, leading to oversupply concerns. However, fresh sanctions on Iranian crude exports to China kept losses limited. Brent crude fell 0.3% to $74.38, while West Texas Intermediate dropped 0.4% to $70.72. Trump's promise of increased production and the U.S.'s

Courtesy: theprint.in

Summarized by Einstein Beta 🤖