Oil Hits One-Year Low on Tariffs Fears, Rising Supply
Wednesday, 5 March 2025 () Oil prices declined for the third consecutive day after U.S. crude oil stocks posted a larger-than-expected build, adding to worries about a looming return of more OPEC+ barrels to the market. Brent crude for May delivery fell 3.6% to $68.56 per barrel at 12.10 pm ET on Wednesday, the lowest level in more than a year, while WTI crude sunk 4.3% to change hands at $65.37 per barrel. U.S. crude stocks rose more than expected in the week ending February 28, while gasoline and distillate inventories fell, the Energy Information Administration reported.…
Ukrainian forces have dealt a significant blow to Russia's military infrastructure by launching a major attack on an oil depot in the Saratov region. The strike, which took place hundreds of kilometers..
Wednesday, 5 March 2025 ()
![Russian Oil Depot in Flames as Zelensky’s Troops Launch Major Attack, Fuel Supply Disrupted [Video]](https://video.newsserve.net/300/v/20250108/1398183908-Russian-Oil-Depot-in-Flames-as-Zelensky.jpg)
