Oil futures softened Friday morning as the bearish sentiment driven by somber economic growth outlooks outweighed the bullish effect of additional U.S. sanctions on Iranian oil trade.

Oil futures reversed Thursday morning losses despite expectations of abundant supplies, as OPEC+ countries are scheduled to increase output in May, amid concerns about a potential recession in the United States.

Oil futures extended losses Wednesday morning as worries over economic growth took center stage after the first estimate of U.S. GDP growth in the first quarter of 2025 pointed to an economic contraction.

Oil futures dropped almost $2 on Tuesday, driven by weak global demand and expectations of plentiful supplies from OPEC + countries, amid signals of a potential recession of the U.S. economy supported by economic data.

Oil futures dropped by over $1 for the second consecutive trading session on Tuesday, driven by expectations of abundant supplies from OPEC + countries and weak global demand, coupled with uncertainty caused by trade tariffs.

Oil futures dropped by $1 on average Monday due to persistent uncertainty caused by trade tariffs and their potential impact on global economic growth, as well as expectations of abundant supply and weak demand fundamentals...

Oil futures steadied Monday morning amid continued uncertainty over trade negotiations.