{"id":3362,"date":"2025-03-04T12:04:14","date_gmt":"2025-03-04T12:04:14","guid":{"rendered":"https:\/\/www.euro-tv.ro\/news\/oil-prices-continue-to-decline-amid-growing-tensions-between-us-ukraine-reuters-reports\/"},"modified":"2025-03-04T12:04:14","modified_gmt":"2025-03-04T12:04:14","slug":"oil-prices-continue-to-decline-amid-growing-tensions-between-us-ukraine-reuters-reports","status":"publish","type":"post","link":"https:\/\/www.euro-tv.ro\/news\/oil-prices-continue-to-decline-amid-growing-tensions-between-us-ukraine-reuters-reports\/","title":{"rendered":"Oil prices continue to decline amid growing tensions between US, Ukraine, Reuters reports"},"content":{"rendered":"
\"Oil<\/p>\n

Oil prices have continued to drop after U.S. President Donald Trump reportedly suspended military aid to Ukraine, Reuters reported on March 4.<\/p>\n

The news from the U.S. comes after a spat<\/a> between Trump and President Volodymyr Zelensky in the Oval Office last week. Neither Washington nor Kyiv have officially confirmed the freeze.<\/p>\n

Brent crude oil<\/a> futures fell 54 cents, or 0.75%, to $71.08 per barrel. In the meantime, futures for U.S. West Texas Intermediate crude oil decreased by 36 cents, or 0.53%, to $68.01 per barrel, according to the news agency<\/a>.<\/p>\n

The market perceived the distancing of the U.S. and Ukraine as a signal of a possible easing of the war, subsequently leading to the loosening of sanctions against Russia and the return of additional volumes of Russian oil for purchase, Reuters reported.<\/p>\n

Yet Goldman Sachs analysts noted that Russian oil exports are now more limited by the Organization of the Petroleum Exporting Countries (OPEC<\/a>) quotas than by sanctions, so even if sanctions are eased, a significant increase in supplies is not guaranteed.<\/p>\n

OPEC’s decision to extend the planned increase in production by 138,000 barrels per day, the first increase since 2022, also puts pressure on prices.<\/p>\n

A day earlier, oil prices fell by about 2%, hitting a 12-week low, amid news about Ukraine and concerns that new U.S. tariffs<\/a> will hurt global economic growth, according to Reuters.<\/p>\n

Trump’s 25% tariffs on imports from Canada and Mexico will come into effect on March 4, with energy products from Canada subject to a 10% duty, while tariffs on Chinese goods will rise from 10% to 20%.<\/p>\n

<\/p>\n
\n
Trump\u2019s Oval Office clash with Zelensky killed diplomacy<\/div>\n
The showdown between U.S. President Donald Trump and Ukrainian President Volodymyr Zelensky in the Oval Office on Feb. 28 shocked the entire world. But instead of analyzing its political impact, let\u2019s focus on the details of manners, gestures, which may seem less important than the issues at stake,<\/div>\n
\"OilThe Kyiv Independent<\/span>Slavoj \u017di\u017eek<\/span><\/div>\n<\/div>\n
\"Oil<\/div>\n

<\/a><\/figure>\n<\/div>\n

– https:\/\/kyivindependent.com\/tag\/ukraine\/rss\/<\/p>\n

This article appeared on the websitekyivindependent.com
\nThis article is taken based on Law no. 8\/1996 of Romania. News does not enjoy copyright, so they can be taken, this is our right to take news and information in its entirety and distribute them further. The content was made available to us through the rss mechanism
\nOriginal Content<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Oil prices have continued to drop after U.S. President Donald Trump reportedly suspended military aid to Ukraine, Reuters reported on March 4. The news from the U.S. comes after a spat between Trump and President Volodymyr Zelensky in the Oval Office last week. Neither Washington nor Kyiv have officially confirmed the freeze. Brent crude oil […]<\/a><\/p>\n","protected":false},"author":12,"featured_media":3363,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1152,1],"tags":[1436,2130,618,4206,3938,197,790,1208,1328,2676,123,66,1304],"class_list":["post-3362","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kyivindependent","category-news","tag-amid","tag-between","tag-continue","tag-decline","tag-growing","tag-oil","tag-prices","tag-reports","tag-reuters","tag-tensions","tag-to","tag-ukraine","tag-us"],"yoast_head":"\nOil prices continue to decline amid growing tensions between US, Ukraine, Reuters reports - News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.euro-tv.ro\/news\/oil-prices-continue-to-decline-amid-growing-tensions-between-us-ukraine-reuters-reports\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil prices continue to decline amid growing tensions between US, Ukraine, Reuters reports - News\" \/>\n<meta property=\"og:description\" content=\"Oil prices have continued to drop after U.S. President Donald Trump reportedly suspended military aid to Ukraine, Reuters reported on March 4. 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