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Oil Prices Stabilize on Short-Covering and an OPEC+ Output Decline

Summary by Oil Price
Crude oil prices stabilized today, following Monday's decline, supported by short-covering and lower OPEC+ production, although concerns about tariffs and a potential recession persist.

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Oil Prices Stabilize on Short-Covering and an OPEC+ Output Decline

Crude oil prices stabilized today, following Monday's decline, supported by short-covering and lower OPEC+ production, although concerns about tariffs and a potential recession persist.

·London, United Kingdom
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ZawyaZawya

Oil prices climb on short-covering, but tariff concerns linger

Brent crude futures rose 51 cents, or 0.8%, to $66.77 a barrel

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Zawya broke the news in on Tuesday, April 22, 2025.
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