Oil Prices Decline Amid Concerns Over Output and U.S. Tariffs

  • International
  • 1 September 2025
1

Oil prices retreated as concerns over increased production and U.S. tariffs weighed on demand, despite supply disruptions caused by intensifying airstrikes between Russia and Ukraine.

Brent crude fell 0.4 percent to $67.18 per barrel, while West Texas Intermediate (WTI) crude declined 0.4 percent to $63.73 per barrel.

Markets remain uneasy over Russian crude flows, as weekly shipments from ports dropped to their lowest level in four weeks at 2.72 million barrels per day.

Source (CNBC Arabia Website, Edited)

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