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Oil Prices Drop to Lowest Level Since Pandemic as Trade War Accelerates
Crude oil prices have plummeted to their lowest levels since 2021 following the U.S.'s imposition of a fresh 50% tariff on Chinese imports in response to China's retaliatory tariffs, exacerbating fears of a global recession and sapping oil demand.
Oil-dependent governments are coming under pressure from the lowest crude prices since the COVID-19 pandemic, with officials ...
Wholesale prices in the U.S. fell 0.4% in March, dropping for the first time in 17 months, mimicking a similar report on ...
Saudi Arabia needs oil at more than $90 a barrel to balance its budget. Goldman Sachs this week lowered its Brent crude price ...
Oil prices were little changed on Friday and set to drop for a second week on concerns that a prolonged trade war between the ...
The slide in crude prices signals deteriorating confidence in the strength of the economy. And while lower oil prices benefit ...
Oil benchmarks hit their lowest levels since 2021 as investors worried the inflationary risks of tariffs and OPEC’s recent ...
Crude oil prices were on track to book their second consecutive weekly loss as markets reel from Trump’s tariff offensive, although they stabilized somewhat after the U.S. president announced a ...
Oil prices rose to a gain after sinking to a four-year low Wednesday morning in anticipation of slowing economic growth and ...
Crude oil now costs 15 percent less than it did before the president revealed his plans to impose stiff new tariffs on ...
Russia escaped Trump’s tariffs, but it could still suffer if the price of oil, the Kremlin’s economic lifeline, falls.
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