From Financial Modeling Prep: 2025-03-05 02:57:51

Oil prices fell as OPEC+ plans output increase in April and U.S. tariffs on Canada, Mexico, China add pressure. Brent futures dropped to $70.58 per barrel, near a five-month low. U.S. WTI crude was down at $67.64. OPEC’s move to raise output by 138,000 barrels/day raises concerns of oversupply. Geopolitical factors and U.S. tariffs contribute to the downward trend.



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