💨 Abstract

Oil prices were largely steady on Thursday, with Brent below $70/barrel due to tariffs between the US, Canada, and China, and OPEC+ plans to increase output. inventories increased and OPEC+ raised output quotas for the first time since 2022, causing a bearish outlook. Some recovery occurred after the U.S. exempted automakers from tariffs, and a source suggested that U.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖