Oil Prices Fall as Saudi Supply Concerns Ease 
Supertanker Orders Surge as US-Iran War Reshapes Oil Trade 
US Stock Futures Dip After Wall Street Rally 
US Stock Futures Rally as Markets Digest Fed Rate Hike 
Asian Chip Stocks Rally as Treasury Yields Ease 
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East Germany Narrows Economic Gap With West but Wealth Divide Persists 
Trump Threatens EU Tariffs Over Canada Membership Proposal 
Yemen Fighting Threatens Red Sea Oil Routes 
BOJ Raises Interest Rate to 31-Year High as Yen Weakens 
Asian Currencies Mixed as Dollar Holds Gains After Fed Rate Hike 
Wall Street Mixed as Treasury Yields Rise After Fed Hike 
Mexico Pushes for US Trade Deal Before Midterms 
Trump Hopes Iran War Nears End as Yemen Fighting Escalates 
Gold Prices Rise as Oil and Treasury Yields Fall 
Bolivia Approves $1.9 Billion IMF Financing Deal 
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Oil prices declined on Monday as investor concerns grew over U.S. import tariffs impacting global economic growth and fuel demand. Increased output from OPEC+ also contributed to the bearish sentiment.
Brent crude slipped 0.4% to $70.11 per barrel, while U.S. West Texas Intermediate (WTI) fell 0.4% to $66.76. WTI posted its seventh consecutive weekly decline, the longest since November 2023, and Brent marked its third straight week of losses. The downturn followed U.S. President Donald Trump's tariff policies, which raised tensions with key oil suppliers Canada, Mexico, and China. China retaliated with tariffs on U.S. and Canadian agricultural goods.
Market uncertainty deepened with discussions on potential U.S. sanctions relief on Russia’s energy sector, should Russia agree to a ceasefire in Ukraine. At the same time, Trump hinted at further sanctions if Russia fails to comply.
OPEC+ confirmed plans to increase oil production starting in April, but Russia’s Deputy Prime Minister Alexander Novak suggested a potential policy reversal if market conditions warrant. Meanwhile, Trump's push to negotiate with Iran over its nuclear ambitions faced resistance, as Iran’s Supreme Leader Ayatollah Ali Khamenei dismissed external pressure. The U.S. also revoked a waiver allowing Iraq to pay Iran for electricity, intensifying economic restrictions on Tehran.
Despite ongoing geopolitical risks, analysts see potential support for WTI around $65-$62, predicting a possible rebound to $72. Investors remain cautious as oil markets navigate supply shifts and macroeconomic pressures.
