The Prospect of Rising Supply Puts Oil Prices Under Pressure  ...Middle East

OILPRICE - Economy
The Prospect of Rising Supply Puts Oil Prices Under Pressure 
source : OILPRICE ( Middle East ) () 71
Oil prices remained under pressure on Friday morning, with markets focused on the potential of new supply coming online. Friday, February 28, 2025 Following extremely rangebound trading throughout most of mid-February, oil prices are set to post their largest weekly loss in three weeks, with the potential resumption of Iraqi exports from Ceyhan and Trump’s diplomatic efforts on the Russia-Ukraine track tilting sentiment towards bearishness. Concurrently, the US president has also signalled tighter supply from Venezuela, but with ICE…

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