OPEC+
Expectations of lower Russian oil supply in the near term provided some support to oil prices
Crude prices rose from three-year lows, aided by improving sentiment and a weaker dollar
Supply concerns in Russia boosted prices after Ukraine targeted a major oil refinery in Moscow
West Texas Intermediate crude futures fell by 0.8 percent to $65.15 a barrel
West Texas Intermediate crude futures saw a similar decline of 0.4 percent to $66.48 a barrel
Attention turns to February's nonfarm payrolls data for insights on the U.S. economy
Traders are concerned about U.S. tariffs and rising oil supplies from OPEC+ production increases
U.S. President Trump followed through on threats of increased tariffs against China, Canada, and Mexico
The eight OPEC+ countries plan to fully compensate overproduced volumes by June 2026
WTI crude futures dropped by 0.9 percent to $67.64 a barrel
Trump revoked Chevron's Venezuela license, halting imports and reinstated pressure on Iran's oil exports
