bearish
Global Commodities: Oil vigilantes in action
SUMMARY
- OPEC's output decision is seen as the most influential factor for the oil market, with prices tumbling and Brent crude trading just above $70
- OPEC shows tolerance to potential economic fallout from tariffs and plans to increase crude oil output starting in April 2025
- Uncertainty remains in the market as geopolitical tensions escalate in the Middle East and President Trump proposes a new Iranian nuclear deal with a two-month deadline, putting pressure on Iran and other countries subject to sanctions
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.
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