Oil fell further after President Donald Trump’s tariffs and an OPEC+ decision to increase output faster than previously announced triggered the worst rout since 2022.
Brent crude fell to around $70 a barrel after plunging 6.4% on Thursday.
The two moves sent shockwaves across oil markets, though potentially offer a win for Trump, who has repeatedly bemoaned high crude prices.
Crude has been whipsawed by conflicting drivers since Trump came into office.