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Oil tumbles further as US-China trade conflict fuels recession fears

The Star LogoThe Star6h ago

Oil tumbles further as US-China trade conflict fuels recession fears - The Star

Quick Summary:

LONDON: Oil prices extended losses on Monday, falling around 2% as escalating trade tensions between the United States and China stoked fears of a recession that would reduce demand for oil, while OPEC+ readies a supply increase.

JPMorgan said last week that it sees a 60% probability of recession in the U.S.and globally.

"It goes to show the Saudis, just like every man and his dog, expect the supply and demand balance to be affected and they are forced to cut their official selling prices".Responding to U.S.


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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-08 @ 08:14:00 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 473 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 23 words per sentence (average)

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

Copyright Owner: © The Star

News ID: 27693396

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About The Star

The Star Logo

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 43 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 15 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

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The story "Oil tumbles further as US-China trade conflict fuels recession fears" was covered 6 hours ago by The Star, a news publisher based in Malaysia.

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The outlet is headquartered in Malaysia and publishes an average of 43 news stories per day.

It's most recent story was published 15 minutes ago.

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  • News ID: #27693396
  • URL: https://beamstart.com/news/oil-tumbles-further-as-us-17440716726871

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