Oil selloff deepens amid Trump's tariff fallout

NAMPA / DPA

2025-04-07

Washington (dpa-AFX) - Oil prices extended last week's losses to hit four-year lows on Monday as US President Donald Trump's sweeping new tariffs and signs of an escalating trade war stoked fears of a global recession that would hit demand for crude. Benchmark Brent crude futures tumbled 3.8% to $63.10 a barrel in European trade, while WTI crude futures were down 4.1% at $59.47. Both contracts plunged over 10% last week to hit their lowest levels......

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