COMMODITY
Crude oil futures end lower amid uncertainty about demand outlook
Mar-01-2025

Crude oil futures ended lower on Friday, as worries about growth and uncertainty about the outlook for oil demand weighed on the commodity's prices. Meanwhile, U.S. President Donald Trump said earlier this week that his proposed 25% tariffs on Mexican and Canadian goods will take effect on March 4 along with an extra 10% duty on Chinese imports over the fentanyl opioid crisis. Besides, the OPEC+ is reportedly debating whether to raise oil output in April as planned or freeze it.

Benchmark crude oil futures for April decreased $0.59 or about 0.84% at $69.76 a barrel on the New York Mercantile Exchange. Brent crude for April delivery decreased $0.60 or 0.82% to settle at $72.97 a barrel on London's Intercontinental Exchange.

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