💨 Abstract

Oil prices are down over 1% on Friday, heading for their first monthly drop since November. This is due to Washington's tariff threats, Iraq resuming oil exports from the Kurdistan region, and uncertainty about OPEC's production resumption plans in April. Additionally, ongoing peace talks in Ukraine and the possibility of increased Russian oil supply are affecting market sentiment. Both Brent and WTI crude futures are on track for a monthly decline.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖