Oil Prices Begin to Recover After a Turbulent Week

After what has been a rollercoaster of a week for oil markets, oil prices started to recover some of their losses on Friday morning.Friday, March 7th, 2025 Canadian tariff drama, fears of OPEC+ production returning to markets, Trump’s maximum pressure on Iran, and a US-China trade war – this week seemed to have it all. Oil prices tumbled through the week but then started to recover early on Friday morning. With flattening backwardation prompting the Saudis to cut prices, the initial shock of Trump’s first month…