
Mar 6, 2025
Daily (06.03.2025): A rise in US crude stockpiles and the prospect of increased OPEC+ supply weighed on oil prices on Wednesday
On Wednesday, crude oil prices declined as markets reacted to the prospect of increased OPEC+ supply from April and concerns that a U.S.-led global trade war could hinder demand growth this year. Additional pressure came from a larger-than-expected rise in U.S. crude stockpiles due to seasonal refinery maintenance.As a result, <strong...