Oil heads for first monthly drop since November as economic uncertainty weighs
- Posted on February 28, 2025
- By Business News Today
- 7 Views
Oil heads for first monthly drop since November as economic uncertainty weighs
Oil prices dropped on Friday amid concerns over global economic growth and fuel demand due to U.S. tariff threats and signs of economic slowdown. Brent and WTI crude were both down about 0.4%. Factors such as U.S. tariffs, potential increases in OPEC+ supply, and hopes of peace in Ukraine contributed to the decline.
