Crude oil prices rose on Monday after US President Donald Trump’s threats to impose tariffs ranging from 25% to 50% on Russia’s oil. However, the weakening economic outlook may outweigh these geopolitical tensions, potentially reducing oil demand. Investors are also monitoring the upcoming OPEC+ meeting.

Source: https://www.euronews.com/business/2025/03/31/crude-oil-markets-retreat-as-economic-concerns-outweigh-trumps-tariff-threats