CRUDE OIL’S DOWNWARD SPIRAL HAS JUST BEGUN; TARIFFS TAKE TIME TO SINK IN
OVERSUPPLY FEARS AND STRESSED ECONOMIC INDICATORS ADD TO COMPLEXITY
2025-03-08 12:40
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Oil prices have hit their lowest since October and by all indications the downward move is far from over. Brent has already dipped below 70 dollars per barrel as the market is feeling the weight of a supply overhang, with OPEC+ barrels set to flood an already well-supplied system, keeping a lid on any meaningful price recovery.