Crude oil loses most since July 2022 as tariffs, OPEC output hike make 'perfect bearish cocktail'

SlavkoSereda/iStock via Getty Images Crude oil futures plunged by the most in nearly three years on Thursday, as concerns about weaker demand due to U.S. tariffs were exacerbated by the surprise move from OPEC+ to accelerate the return of withheld production, sending shockwaves across oil markets.

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