Reuters was first to report on April 3 that OPEC+ had agreed to extend oil output in Might by a bigger quantity than the market had anticipated, prompting international oil costs to deepen earlier declines.
The information prompted oil costs to increase losses that have been already falling as a result of President Donald Trump’s imposition of tariffs on buying and selling companions. On the day, Brent futures settled at $70.14 a barrel, down $4.81, or 6.42%.
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