Crude drops for 3rd day on Opec+ plans to increase output, Trump tariffs

Quick Summary:

Brent futures fell 45 cents, or 0.63 per cent, to $70.59 a barrel at 0953 GMT.

US West Texas Intermediate (WTI) crude declined 74 cents, or 1.08 per cent, to $67.

Canada and China retaliated immediately to Trump's tariffs on Tuesday, and Mexican President Claudia Sheinbaum said the country would respond, without giving details.

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Article Details

Category: BusinessFinance

Markets: IndiaCanadaChinaMexicoVenezuela

Topics: Trump tariffs Oil prices Opec output Opec Crude oil Crude oil prices

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-05 @ 16:15:03 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 536 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 26677931

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Official Website: business-standard.com

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Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

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Publisher ID: #49

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