Trade War Tariffs Slam Oil Prices to 4-Year Lows Amid Recession Fears

The oil/energy markets are reeling under the weight of the ongoing trade war, with crude prices plunging to their lowest levels since the pandemic. West Texas Intermediate ("WTI") crude oil price dropped below $60 per barrel on Monday, a level not seen since 2021, while Brent crude dipped as much as 5$62. The sharp declines were a response to the latest round of tariffs announced by U.S. President Trump, reigniting fears of a global economic slowdown and weakened investor sentiment across energy ...