💨 Abstract

Oil prices fell on Monday due to concerns over U.S. tariffs impacting global economic growth and fuel demand, as well as increased output from OPEC+ producers. WTI and Brent crude both saw decreases, with WTI experiencing a seven-week losing streak. The drop was attributed to tariff uncertainty, oil price cuts from Saudi Arabia, deflationary signals from China, and potential U.S. sanctions easements on Russia.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖