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OPEC cuts oil demand forecast, sees growing economic uncertainty on Trump trade war
Crude oil futures are down about 13% since President Donald Trump announced his sweeping tariff plan on April 2.
U.S. News & World Report1y
EXPLAINER: What Is OPEC and What Does It Have to Do With Oil Prices?
In 1960, frustrated by Western control over the world’s oil industry, five of the world’s top oil-producing nations created the Organization of the Petroleum Exporting Countries, or OPEC.