Oil prices bounce after sinking to 6-month low on tariff-induced recession fears
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Oil prices have rebounded after hitting a six-month low due to fears of a tariff-induced recession. This recovery comes amid a global selloff in equities and other risky assets.
March 11, 2025 | 11:15 am
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The United States Brent Oil Fund (BNO) may see a short-term price increase as oil prices rebound from six-month lows. This is due to a recovery in oil futures amid global market volatility.
BNO is directly linked to Brent oil prices, which have rebounded after a significant drop. This recovery is likely to positively impact BNO's short-term price.
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