U.S. crude oil falls below $60 a barrel to lowest since 2021 on tariff-fueled recession fears

According to Olivier Gantois, the price of the barrel of crude oil rose from $74 to $63 in a week.

Oil tumbles further as U.S.-China trade conflict fuels recession fears

Brent futures lost $2.43 to $63.15 a barrel by 1009 GMT, while U.S. West Texas Intermediate crude futures were down $2.42 at $59.57

The fear of a global economic recession opens up in an overwhelming way at the beginning of the week, sinking the Stock Exchanges for a third consecutive day and also collapsing the price of oil. Brent barrel, of reference in Europe, loses almost 3% and recedes to 63.6 dollars, the lowest level of the last four years, while the West Texas variant loses more than 3% and is located at 60 dollars, also at its lowest level since 2021. The declines, …

Oil drops further as fears of global recession rise

Trump’s signal to push ahead with sweeping tariffs hits crude

Economic uncertainty resulting from tariffs imposed by US President Donald Trump and Saudi Arabia's price cuts have driven global oil prices to their lowest levels in four years.

Oil prices plummet as US-China trade tensions fuel recession fears

Brent futures declined to $63.04, while WTI dropped to $59.49, marking their lowest since April 2021.