Oil Prices Plummet Amid Escalating Trade Tensions

Quick Summary:

Oil prices experienced a sharp decline in Asian trading on Monday, continuing their downward trajectory amid escalating concerns over global economic growth and weakening demand.This drop followed U.S.

President Donald Trump’s firm stance on trade tariffs, which heightened fears of a global trade war.

Additionally, oil prices were further affected last week by data showing a much larger-than-expected rise in U.S.crude inventories.

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Article Details

Author / Journalist: BusinessToday

Category: InvestingBusiness

Markets: MalaysiaChina

Topics: Markets Oil prices

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-07 @ 03:13:50 (1 days ago)

News Timezone: GMT +8:00

News Source URL: businesstoday.com.my

Language: English

Article Length: 430 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Today

News ID: 27640299

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About Business Today

Main Topics: InvestingBusiness

Official Website: businesstoday.com.my

Update Frequency: 7 posts per day

Year Established: 2001

Headquarters: Malaysia

News Last Updated: 12 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #73

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