On February 21, 2025, Carl Surran, a news editor at Seeking Alpha, reported that crude oil futures closed at their lowest settlement price for the year on the preceding Friday. The West Texas Intermediate (WTI) and Brent benchmarks both experienced a decline of more than $2 per barrel. This downturn was driven by concerns about near-term supply and the expectation that OPEC+ might delay reintroducing barrels to the market in April, contrary to their previous plans.

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