OIL PRODUCTS

MORE IMPORTANT THAN THE STOCK MARKET! EVERYTHING THAT COMES TO MARKET HAS THE PRICE OF OIL ON IT! Oil dives more than 15%, steepest fall in 3 years on tariffs, OPEC+ supply boost Brent, WTI down more than 7% Trump to impose 10% minimum tariff on most import goods Imports of oil, gas, refined products exempted from new tariffs OPEC+ to bring more oil to market in May than previously planned HOUSTON, April 3 (Reuters) - Oil prices swooned on Thursday to settle with their steepest percentage loss since 2022, after OPEC+ agreed to a surprise increase in output the day after U.S. President Donald Trump announced sweeping new import tariffs Brent futures settled at $70.14 a barrel, down $4.81, or 6.42%. U.S. West Texas Intermediate crude futures finished at $66.95 a barrel, down $4.76, or 6.64%. https://www.reuters.com/business/energy/oil-sinks-nearly-3-after-trump-announces-sweeping-new-tariffs-2025-04-03/