Oil9 Apr 2025 12:03
Oil Prices Drop to Lowest Level Since Pandemic as Trade War Accelerates
By Irina Slav - Apr 09, 2025, 12:52 AM CDT
Oil prices have crashed to their lowest point since 2021 due to the escalating US-China trade war.
Analysts fear the trade war will lead to a global recession, significantly reducing oil demand.
The oil price slump puts pressure on OPEC+, potentially leading to a reversal of their recent production increase.