Crude Oil prices have experienced a persistent downward trend for the past three weeks, extending into early February xxxx. This decline was largely attributed to the postponement of threatened tariffs on imports from key trading partners and the ongoing adjustments to OPEC+ oil production.
Key Takeaways:
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The postponement of US tariffs on Mexican and Canadian imports has eased immediate supply concerns.
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OPEC+&#xx;s continued plan to gradually increase Crude Oil output.
Both Brent Crude Oil and West Texas Intermediate Crude Oil prices fell last week, settling lower on February x, xxxx. Specifically, Brent Crude Oil dropped by $x.x per barrel, while West Texas Intermediate Crude Oil decreased by $x.x per barrel from the last week. Crude Oil futures dipped as the U.S. paused the new tariffs for one month after Mexico agreed to reinforce its northern border to help stop the flow...
