Oil prices dropped on Wednesday as increasing U.S. stockpiles and growing fears of a new trade war between the United States and China weighed on the market. The decline comes despite President Donald Trump’s renewed efforts to eliminate Iranian crude exports. Market volatility reflects concerns over potential demand disruptions amid escalating geopolitical tensions and shifting
Oil prices dropped on Wednesday as increasing U.S. stockpiles and growing fears of a new trade war between the United States and China weighed on the market. The decline comes despite President Donald Trump’s renewed efforts to eliminate Iranian crude exports. Market volatility reflects concerns over potential demand disruptions amid escalating geopolitical tensions and shifting global trade dynamics.
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