In a surprising move, OPEC+ has decided to accelerate oil production hikes, leading to a more than $2 drop in oil prices. With Brent crude now at $59.25 a barrel, concerns grow over a potential supply surplus as tensions rise in the Middle East.
Ford Motor Company has reported a 1.3% decline in first-quarter U.S. vehicle sales, impacted by the discontinuation of the Ford Edge SUV and looming tariffs from President Trump. Despite this, retail sales surged by 5% in the same period, driven by consumer urgency to buy before prices rise.
