Oil prices slide on Ukraine aid pause, tariffs and OPEC+ output increase
- Posted on March 4, 2025
- By Business News Today
- 3 Views
Oil prices slide on Ukraine aid pause, tariffs and OPEC+ output increase
Oil prices fell further due to the U.S. pausing military aid to Ukraine and pending tariffs on Canada, Mexico, and China. The market sees potential sanctions relief for Russia potentially easing supply constraints. Meanwhile, the OPEC+ plan to increase oil production adds to downward pressure on prices.
