RE: RKH - Beacon of Hope7 Apr 2025 15:47
BREAKING NEWS:
Shell Cuts LNG Production Guidance for Q1
Home Energy Crude Oil
LIVE: Oil Prices Turn Green as Trump Considers Pausing Tariffs
Live
By Michael Kern - Apr 07, 2025, 8:51 AM CDTUpdated: Apr 07, 2025, 9:46 AM CDT
Oil prices experienced a significant drop, with West Texas Intermediate crude momentarily falling below $60 per barrel.President Trump's recent tariff announcements have sparked fears of a global recession and reduced trade activity, negatively impacting oil demand.Analysts warn that escalating trade disputes could lead to industrial slowdowns and further depress oil consumption, potentially pushing prices even lower.