Reported 9 days ago
Oil prices have fallen to a four-year low under $60 a barrel due to heightened trade tensions between the US and China, triggered by aggressive tariffs imposed by the Trump administration. The global energy demand outlook has worsened, prompting major banks to halve their forecasts for oil consumption growth this year. The oil market is also showing signs of oversupply, with a notable drop in prices across various commodities, while analysts warn that further declines could be in store.
Source: YAHOO