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Oil slides as IEA sees trade tensions weighing on oil demand while supply surplus rises

Business & Economy
Mar. 13, 2025 7:55 PM ETUnited States Oil Fund, LP ETF (USO), CL1:COMUCO, DBO, UNG, FCG, USL, SCO, UNL, BNO, BOIL, KOLD, GUSH, DRIP, USOI, CO1:COM, NG1:COMBy: Carl Surran, SA News Editor

SlavkoSereda/iStock via Getty Images

Crude oil futures surrendered some of the previous session’s gains on Thursday, with market sentiment weighed by continuing concerns over the potential economic impact of trade tariffs along with a fresh warning over a potential surplus in global crude supply.

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