Oil is rapidly cheaper against the background of the growth of reserves in the United States

06 March 2025, 01:24 | Economy
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Oil prices fell by more than 3% due to fears about the weakening of global demand for energy with the simultaneous increase in the supply. The fall in the quotations accelerated after the publication of the report of the US Department of Energy, which showed an increase in oil reserves in the country.

This is reported by Bloomberg on Wednesday, March 5. . . . This significantly exceeded the expectations of analysts who predicted an increase in reserves by only 900 thousand barrels, according to Trading Economics. . . . . Meanwhile, the trade wars initiated by US President Donald Trump, strengthen fears regarding a decrease in economic activity. . In his opinion, this will help to quickly end the Russian war against Ukraine. . . PIDS INSIALLY OUR CANEL HTTPS: // T. Me/KorrespondentNet TA WhatsApp.




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