0910 ET - Oil futures are lower for a fourth consecutive session with trade concerns back in the mix as President Trump threatens the EU with a 50% tariff starting June 1. That's the same day that OPEC+ is due to meet to discuss July output levels amid expectations the group will increase its targets by another 411,000 barrels a day. "The combination of fiscal uncertainty and potential OPEC+ production increases is currently capping oil's recovery prospects," Pepperstone strategist Quasar Elizundia says in a note. WTI is down 1.1% at $60.51 a barrel and Brent is down 1.1% at $63.73. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
May 23, 2025 09:10 ET (13:10 GMT)
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