Reported 9 days ago
On April 7, 2025, Brent crude futures and options on the Intercontinental Exchange hit record trading volumes, surpassing those during the pandemic as fears of a global trade war and OPEC's output increase weighed on the market. The announcement of tariffs by U.S. President Trump added to concerns, pushing oil prices to four-year lows. This shift in focus among traders reflects heightened uncertainty about global economic conditions and oil demand going forward.
Source: YAHOO