Oil prices near three-year low on trade war fears, Opec+ output hike

A surprise build-up in US crude inventories, trade war concerns and Opec+ potential output increase from April have together impacted oil prices, leading to fresh declines

An illustration of the Opec logo.
An illustration of the Opec logo.Photo: REUTERS/SCANPIX
Published 6 March 2025, 01:55Updated 6 March 2025, 08:21
OpecCanadaMexicoDonald TrumpUnited States