Back to today’s briefing

Story perspectives

Oil Prices Plummet Amid Escalating U.S.-China Trade War

4/11/2025

45 10

Summary

Story summary

Crude oil prices dropped for the second consecutive week, with Brent at $63.01 and WTI at $59.74 per barrel.
President Trump implemented a 90-day pause on tariffs, offering temporary relief amid ongoing tensions.
China responded by increasing tariffs on U.S. goods to 125%, intensifying the trade dispute.
Analysts caution that persistent trade conflicts may negatively impact global economic growth and oil demand.

1 of 1

Story summary

Crude oil prices dropped for the second consecutive week, with Brent at $63.01 and WTI at $59.74 per barrel.
President Trump implemented a 90-day pause on tariffs, offering temporary relief amid ongoing tensions.
China responded by increasing tariffs on U.S. goods to 125%, intensifying the trade dispute.
Analysts caution that persistent trade conflicts may negatively impact global economic growth and oil demand.