Brent crude oil prices have fallen to a six-month low due to OPEC+'s decision to increase output.
The US has announced the end of Chevron's license to operate in Venezuela, an OPEC member.
Market participants are also concerned about potential easing of sanctions on Russia, which could increase oil supply.
Delayed talks to restart oil exports from Iraq’s Kurdistan region, which also could lead to increased supply are also a concern.
Most Read: Brent Crude Oil Price Update – 100-day MA Keep
04-03-2025 13:56 GMT
by Zain Vawda