U.S. crude oil futures plunged to nearly four-year lows in a second day of heavy selling after China retaliated against President Trump's tariffs with its own duties on U.S. goods.

Analysts have indicated that the escalating conflict between the U.S. and foreign nations over tariffs is further propelling the market to a global trade war.

Fears that China's tariff retaliation against the U.S increases the probability of a global recession is hitting commodity prices hard. U.S. West Texas Intermediate oil futures are down nearly 8% to ...

Oil prices plunged 7% on Friday to settle at their lowest in over three years as China ramped up tariffs on U.S. goods, ...

Oil prices fell sharply on April 4, dropping by 8% to their lowest levels since mid-2021, Reuters reports. Brent crude ...

President Trump’s tariffs have raised fears of a recession just as projections for global oil supply have jumped.

On Thursday, April 3, there was a sharp decline in oil prices. This day recorded the most significant percentage drop since ...

Oil prices swooned on Thursday to settle with their steepest percentage loss since 2022, after OPEC+ agreed to a surprise ...

The price increase followed U.S. government data showing a larger-than-expected drop in distillate inventories, including diesel and heating oil, which fell by 2.8 million barrels—far exceeding ...

(Bloomberg) -- Oil edged up as internal market metrics flashed signs that recent declines were overdone, overshadowing the prospect of a temporary truce in Ukraine. West Texas Intermediate rose 0. ...

The first half of 2025 is shaping up to be a squeeze play for global oil markets. Supply is tightening thanks to ongoing production declines in Iran and Venezuela. The result? Brent crude prices ...