A deliberate measure to push oil price lower but it is not the opening of the floodgates
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A deliberate measure to push oil price lower but it is not the opening of the floodgates

Hurt by US tariffs and more oil from OPEC+.

Brent crude fell 2. 1% yesterday to USD 71.

62/b and is down an additional 0.

9% this morning to USD 71/b.

New tariff-announcements by Donald Trump and a decision by OPEC+ to lift production by 138 kb/d in April is driving the oil price lower.

The decision by OPEC+.

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