Oil prices bounce, but head for weekly losses on tariff fears - MarketWatch
1. Oil futures saw support from potential OPEC+ production adjustments. 2. Crude oil hit lows, raising fears of oversupply amid economic concerns. 3. Deputy PM Novak mentioned reversing production increases if market imbalances occur. 4. Analysts are cautious, indicating bearish pressure remains in the market. 5. Risks exist for WTI to drop to mid-$50s in the upcoming months.