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Brent Oil - Oil prices nosedive over trade tensions and recession worries

07-04-2025 02:42

Oil prices take a nosedive! Brent crude has plunged below $64 per barrel, marking a dramatic drop fueled by escalating US-China trade tensions.

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Pressure mounts on Govt for petrol, diesel price cut with Brent in free-fall

As oil prices slipped below $65 a barrel (bbl), pressure has started to build on the government for a cut in retail prices of diesel and petrol. Global crude oil prices continued their downward ...

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Major oil-linked companies stock slump after brent crude oil slips 3%

When oil prices drop, upstream companies face reduced revenue, which can lead to cost-cutting measures, reduced profits, and in some cases, financial losses ...

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Oil tumbles further as US-China trade tensions fuel recession fears

Oil prices extended last week's losses on Monday, with WTI falling more than 4%, as escalating trade tensions between the United States and China stoked fears of a recession that would reduce demand ...

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Crude oil futures decline by more than 2% as Trump tariffs impact markets

Crude oil futures declined by more than 2 per cent on Monday morning as the market feared that the escalating trade war between the US and other countries could impact the global economy, affecting ...

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