Crude Oil Prices Fell as Tensions in the Middle East Partial
Crude oil prices fell by 1.07% due to reduced Middle East tensions. Azerbaijan’s oil output in March increased to 481,000 barrels per day, but still falls short of the nation’s 2024 OPEC+ quota. OPEC+ voluntary production reduction continues to tighten the market’s supply situation. Mexico’s Pemex plans to cut oil exports by 330k barrels per…
