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Oil Slumps Below $60 as US Plan for China Tariffs Roils Outlook

Markets

Mia Gindis, Alex Longley

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April 7, 2025

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Bloomberg

Oil fell to close below $60 a barrel for the first time since 2021 after the Trump administration moved to intensify a tit-for-tat trade war with China, inflaming concerns about the trajectory of global demand growth.

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