Reported about 18 hours ago
Oil prices dropped to a four-year low after a surprising output increase from OPEC+ and new tariffs imposed by the U.S. on China, escalating the global trade war. Brent crude fell 13% in just two days, while China announced a damaging 34% tariff on U.S. imports. The dual pressures of increased OPEC+ supply and trade tensions are reshaping market forecasts and raising concerns about weaker global demand.
Source: YAHOO