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Oil prices drop, stocks diverge amid economic growth fears

Oil prices fell sharply below $60 per barrel on Thursday while stock markets showed mixed performance amid thin trading and holiday closures in Europe and Asia.
The declines followed disappointing US economic data showing a 0.3 percent annual GDP shrinkage in Q1 and concerns over potential increased OPEC+ production in June.
Japan's central bank kept interest rates steady but warned trade tariffs and uncertainties, while the yen weakened, benefiting exporters and boosting Tokyo's Nikkei index by 1.1 percent.
BP shares fell three percent due to lower oil prices, Meta and Microsoft beat profit expectations, with Meta's shares rising over four percent after market close ahead of awaited Amazon and Apple earnings.
Market participants anticipate Friday's US April jobs report as a key event to clarify the Federal Reserve's interest rate path amid ongoing worries about trade impacts and global growth slowdown.

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Oil prices drop, stocks diverge amid economic growth fears

Oil prices fell and stocks were mixed on Thursday in thin holiday trading, following weak US economic data that added to growth concerns.

9 days ago·Cherokee County, United States

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Quotidiano Nazionale

Oil is falling in New York to $58.97

Oil is falling in New York City, where prices drop 0.46% to $58.97 per barrel.

8 days ago·Italy

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trend.sk

Weaker US data pushes oil down, effect also visible at gas stations

OPEC+ prepares for talks, market expects further price decline

8 days ago

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observalgerie.com

The price of oil at its lowest level in 3 years

The price of oil has fallen sharply in recent weeks, reaching levels never seen for more than three years. This price decline, which has been continuing for several days, is fuelled by a series of global economic factors, including the trade war between the United States and China, as well as growing concerns about a global economic slowdown. Since the beginning of April 2025, oil prices have collapsed, continuing a decline begun in March. On Ap…

9 days ago

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