2025-02-27 16:52
IndustryOil Prices Drop Amid Multiple Market Factors
US fuel inventory increase, potential Russia-Ukraine peace talks, and the Iraq-Kurdistan oil export agreement all weighed on oil prices.
Trump's tariff remarks further pressured prices, pushing US oil below $69 at close, marking a two-month low.
However, the decline slowed after Trump's decision to end oil deals with Venezuela.
#OilPrices #MarketUpdate #Crude
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Oil Prices Drop Amid Multiple Market Factors
| 2025-02-27 16:52US fuel inventory increase, potential Russia-Ukraine peace talks, and the Iraq-Kurdistan oil export agreement all weighed on oil prices.
Trump's tariff remarks further pressured prices, pushing US oil below $69 at close, marking a two-month low.
However, the decline slowed after Trump's decision to end oil deals with Venezuela.
#OilPrices #MarketUpdate #Crude
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