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Brent futures settled at $70.14 a barrel, down about 6.4%, on tariff worries and OPEC+ agreeing to accelerate output hikes. The group now aims to return 411,000 barrels per day to the market in May instead of 135,000 bpd.
Faster OPEC+ supply additions combined with tariff-driven demand fears add downward pressure on crude, which weighs on energy-linked feed inputs and biofuel margins.
reuters.comErwin Seba3 apr 2025Na 210 eerdere neerwaarts beleid-gebeurtenissen bewoog Ruwe olie (Brent) zich mediaan -0,9% over 5 sessies (48% hoger; middelste helft -3,8% tot +3,2%), en +0,2% over 20.
Na 215 eerdere neerwaarts beleid-gebeurtenissen bewoog Ruwe olie (WTI) zich mediaan +0,1% over 5 sessies (51% hoger; middelste helft -4,4% tot +3,3%), en +0,2% over 20.
Na 351 eerdere neerwaarts beleid-gebeurtenissen bewoog Sojaolie zich mediaan -0,0% over 5 sessies (49% hoger; middelste helft -1,7% tot +1,8%), en -0,2% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
Directly describes the April 3 Brent settlement drop of about 6.4% driven by tariff worries and OPEC+ accelerating May output hikes (supply increase plus demand fear).
Brent fell over 6% on April 3 on tariff worries and OPEC+ tripling its May output hike, a combined demand and supply shock that began the 5-day slide.
On Apr 3 Brent fell about 6.4% on tariff demand fears and the OPEC+ decision to accelerate May output hikes, a supply and demand shock that began the 5-day slide.
Oil's steepest fall in 3 years on April 3 combined tariff demand worries with the accelerated OPEC+ supply increase.
