💨 Abstract

Oil prices fell 2% to a 12-week low due to OPEC+ planning an April output increase and concerns over U.S. tariffs affecting global economic growth and oil demand. The U.S. President will decide on tariffs on Canada and Mexico, which may impact oil producers and demand. Crude prices received early support from manufacturing activity data, but worries about slowing economic growth pressured prices, leading to a decrease in speculator positions.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖