💨 Abstract

Oil prices dropped on Monday due to concerns about U.S. tariffs affecting global economic growth and fuel demand, as well as increased output from OPEC+ producers. President Trump's delayed tariffs on key oil suppliers and potential lifting of sanctions on Russia also contributed to the decline. Oil prices clawed back some loss on Friday after Trump's threat of increased sanctions on Russia due to its conflict with Ukraine.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖