From Financial Modeling Prep: 2025-03-31 07:01:00

Oil prices dipped in Asia after reports of a major oil reserve found in the South China Sea. Concerns over supply and global economy eased. China’s discovery by CNOOC suggests potential long-term supply increase. Trump’s tariff threats on Russia and Iran add to market volatility. Positive Chinese economic data helps offset decline.

Brent Crude futures fell 0.2% to $73.52 a barrel. WTI crude futures also dropped 0.2% to $68.74 a barrel. Market movements reflect impact of supply concerns and tariff threats on oil prices.

Trump’s threats of sanctions and military actions keep market uncertain. New oil reserves in South China Sea offer hope for supply stability. Investors can track oil market trends using tools like the Technical (StdDev) endpoint for real-time data and insights.



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