Reported about 16 hours ago
Oil prices fell by 8% following China's announcement of a 34% tariff on U.S. goods in response to President Trump's previous tariffs. The decline in crude prices, already pressured by anticipated OPEC+ production increases, raises concerns among analysts about a potential recession and its impact on global oil demand growth. Experts predict continued volatility and uncertainty in the market as the trade conflict intensifies.
Source: YAHOO