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Crude Oil Edges Lower, With U.S.-Ukraine Tensions Latest Addition to Uncertainty
Terreno Realty Analyst Ratings
International oil prices are set to end the monthly rising trend, with increased tariffs and production putting pressure on the oil market, creating potential crises.
① Due to the threats of tariffs from the USA and the resumption of exports from Iraq, both major international Crude Oil Product benchmarks fell over 1%, potentially ending two consecutive monthly gains; ② The Iraqi Ministry of Oil declared it would resume exporting oil from the Kurdish region through the Iraq-Turkey pipeline, raising questions about whether it would comply with OPEC+ production obligations.
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