Reported about 18 hours ago
Oil prices continued to decline on Monday, with WTI down over 4%, due to escalating trade tensions between the U.S. and China that heightened recession fears. Brent crude fell 3.9%, reaching its lowest point since April 2021. The ongoing trade war and recent tariff increases have led to investor concerns about reduced demand for crude oil. Analysts suggest that unless market panic subsides, prices may remain under pressure, exacerbated by OPEC+'s decision to increase output.
Source: YAHOO