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*Beekeeper
11 Apr 2025 12:37 pm
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9,285 posts
They were on BEFORE Trump added more, ****!!

Trust me, OIL BEGAN DROPPING before Trump added the tariffs.

Market Summary > Crude Oil Futures
61.15 USD-4.78 (-7.25%)past month
Apr 11, 1:25 PM EDT • Disclaimer

oil prices chart - Google Search

On April 3, 2025, OPEC+ unexpectedly agreed to accelerate their plan to phase out oil output cuts, increasing production by 411,000 barrels per day in May, a decision that prompted oil prices to fall. 
Here's a more detailed breakdown:
  • Market Reaction:
    The announcement caused oil prices to fall, as the market reacted to the increased supply. 
  • Unexpected Acceleration:
    OPEC+ decided to move forward with their plan to increase oil production faster than initially anticipated, bundling three monthly increases into the May production levels. 
  • Increased Output:
    The eight key OPEC+ producers (Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman) agreed to raise combined crude oil output by 411,000 barrels per day in May. 
 
 
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