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Oil prices drop to lowest levels in 3 years

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Forbes |
Oil prices sunk 7% to a four-year low Friday, amid concerns economic fallout of President Donald Trump’s wide-reaching tariffs could put a drag on demand.
Reuters |
Credit rating agency Fitch warned they were a "game-changer" for both the U.S. and global economy, while Deutsche Bank called them a "once-in-a-lifetime" event that could easily knock between 1%-1.5%...

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Oil prices drop to lowest levels in three years
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OilPrice.com22h
Today’s Oil Prices Aren’t Survivable For US Producers
Oil continued its dive into Friday—Brent dropped below $66, WTI scraped $62—and if you’re thinking, hey, haven’t seen those levels since 2021, you’re not wrong. Today’s WTI prices are not sustainable for some US producers.
Oil prices fall into negative territory as Trump announces new tariffs
Oil prices fell to negative territory after rising by a dollar in post-settlement trade on Wednesday as U.S. President Donald Trump announced reciprocal tariffs on trading partners, stoking concerns that a global trade war may dampen demand for crude.
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