Oil prices edge lower as concerns over tariff impact grow

  • Posted on March 11, 2025
  • By Business News Today
  • 2 Views
Oil prices edge lower as concerns over tariff impact grow

Oil prices declined due to fears that U.S. tariffs on Canada, Mexico, and China will slow global economies and reduce energy demand. U.S. President Trump's tariff policies have unsettled markets, leading to a wave of selling. Meanwhile, OPEC+ plans to increase oil production in April, with potential reversals if imbalances occur.
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