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Brent Crude Oil Hits 4-Year Low Amid Tariff-Driven Market Turmoil

  • Brent Crude Oil hit a 4-year low due to ongoing market turmoil driven by reciprocal tariffs imposed by the U.S. president.
  • The trade war is impacting market sentiment, undermining risk appetite and leading to concerns of weaker global oil demand.
  • The OPEC+ decision to ease output quicker than expected is exacerbating concerns of oversupply in the oil market.
  • The decline in oil prices may lead to a potential slowdown in U.S. oil production in the coming months.

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