Oil prices decline as tariff uncertainty keeps investors on edge

Quick Summary:

SINGAPORE: Oil prices fell on Monday as concern about the impact of U.S.import tariffs on global economic growth and fuel demand, as well as rising output from OPEC+ producers, cooled investor appetite for riskier assets.

Brent crude fell 31 cents, or 0.4%, to $70.05 a barrel by 0445 GMT after settling up 90 cents on Friday.U.S.

Russia's Deputy Prime Minister Alexander Novak on Friday said OPEC+ could reverse the decision in the event of market imbalance.

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Category: EconomyBusiness

Markets: MalaysiaCanadaChinaIraqMexicoSaudi ArabiaSingaporeUkraine

Topics: Crude Gas WTI /Business/Business News Opec Brent LNG Oil Commodities

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-10 @ 13:48:00 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 483 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 29 words per sentence (average)

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Copyright Owner: © The Star

News ID: 26808784

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

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