Oil Prices Drop Over 2% Amid Rising US-China Tensions

Post Views: 213 Oil Prices In early April 2025, oil prices dropped more than 2% as US-China trade tensions escalated. This came alongside growing concerns about a global economic slowdown. The price decline followed a short-lived relief after US President Donald Trump announced a temporary suspension of some tariffs. Brent crude futures fell by $1.55, or 2.37%, to $63.93 per barrel. US West Texas Intermediate (WTI) crude futures also declined. They dropped by $1.51, or 2.42%, to $60.84 per barrel.   Factors Behind the Oil Price Drop Oil prices had gained nearly 4% a day earlier after a 90...