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Back 03 Apr 2025

Oil sinks nearly 3% after Trump announces sweeping new tariffs ​  

Summary: Oil prices fell after Trump announced reciprocal tariffs on trading partners, raising concerns about a global trade war impacting crude demand. Brent futures dropped 2.63% to $72.98 per barrel, while U.S. West Texas Intermediate crude futures fell 2.76% to $69.73.

Link: https://www.channelnewsasia.com/business/oil-sinks-nearly-3-after-trump-announces-sweeping-new-tariffs-5041326