{
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oil prices decline amid escalating us china trade tensions

Oil prices fell as the US-China trade war intensified, with Brent futures down 0.6% to $65.09 and US West Texas Intermediate crude down 0.5% to $62.06. President Trump raised tariffs on China to 125%, while China retaliated with an 84% import levy on US goods, creating uncertainty that could impact global oil demand.Despite a recent 4% increase in crude prices, analysts warn that ongoing trade tensions and rising US crude inventories—up 2.6 million barrels—pose risks to market stability. The Keystone Pipeline remains shut due to an oil spill, while the Caspian Pipeline Consortium has resumed operations after legal restrictions were lifted.
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Finance & Economy, Market Report
10:25 10.04.2025
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