OPEC+ Price Hike, Trump’s Trade War Fears Send Oil Prices Into Free Fall – News18
Last Updated:May 05, 2025, 18:17 is The US and UK central bank decisions of rate cuts later this week also triggered the fall in prices. The sun sets behind the Dora (Daura) Oil Refinery Complex in Baghdad. Oil prices slumped on May 5, 2025 after eight OPEC+ members announced a sharp increase in production, while…