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At Close: Jun 08, 2026
Trump has also raised China tariff to 125%.

WTI crude falls as much as 7% to a four-year low

01:03pm, Wednesday, 09'th Apr 2025
CNBC's Pippa Stevens reports on the recent moves in crude oil prices.
U.S. crude oil inventories rose for a second consecutive week, climbing 2.6 million barrels, amid an increase in net imports.
Oil traders focus on China's retaliatory tariff on U.S. goods.
The crude oil markets continue to see a lot of negative issues, as this point in time, the market still can't seem to find it.
A plunge in oil prices below $60 per barrel due to an escalating trade war may trigger anxiety across the U.S. oil patch, likely forcing companies to double down on measures including cuts to share bu
David Goldwyn at Goldwyn Global Strategies explains why the crude collapse has further to run, and what it means for U.S. foreign policy.
The oil sell-off took a leg lower after Beijing announced retaliatory tariffs of 84% on U.S. goods in response to Trump's levies.

Too Much Oil And Not Enough Demand

07:28am, Wednesday, 09'th Apr 2025
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Crude sinks as U.S.-China tariffs threaten oil demand growth and oversupply fears mount. Market braces for prolonged price weakness.
The Arab Gulf states' warm relations with Trump and central role in U.S. diplomatic efforts should strengthen their hand when it comes to potential tariff negotiations, analysts told CNBC. A lower oil
Oil sank to a four-year low as an intensifying global trade war threatens to batter energy demand, with a fresh wave of US levies going into effect in a move that will deal a heavy blow to the global
WTI and Brent plunge to 4-year lows amid tariff fears and OPEC+ supply boost; traders eye $58.45 and $59.50 key pivot levels for recovery signs.
Oil futures declined in the early Asian session on worries over U.S. tariffs on oil demand.
A 48-month low and technical symmetry suggests crude oil may be near at least a short-term bottom, though continued weakness remains possible without a confirmed bullish reversal.
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