The price of WTI crude oil is settling at $61.99 down $4.96 or 7.40%.
The price of crude oil was it this week on the back of the tariff news and expectations of slower global growth, and the OPEC+ alliance, led by Saudi Arabia and Russia, that announced a larger-than-expected increase in oil production. Starting in May 2025, the group will boost output by 411,000 barrels per day (bpd), effectively implementing three months' worth of planned increases in a single month.
For the trading week, the price of crude oil fell -2.19%. That is its worst week cents a 12.72% decline during the week of March 13, 2023.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about crude oil settles at 61 99 was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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