U.S. crude oil futures experienced a significant decline of 8%. This drop marked the second consecutive day of falling prices, reaching the lowest point seen in four years. The decline coincided with the depths of the COVID-19 pandemic. The plunge followed China’s announcement of a 34% retaliatory tariff on U.S. imports. This move escalated the ongoing global trade war. These statistics highlight the immediate impact of international trade policies on commodity prices.
M. Gadsden
@MGadsden1776
·
4h Good Morning! Please read this excellent summary by
@tanvi_ratna
and you will get a PhD level core curriculum course in #LiberationDay and please note that Crude Oil is at $62.39 USD per barrel today, or down -$6.81 from yesterday.
Oil prices are in my opinion, CRITICAL,
ChemOrbis
@ChemOrbis
·
Apr 3 June Brent crude rose 46 cents to $74.95/bbl on Wednesday
May WTI (NYMEX) crude rose 51 cents to $71.71/bbl on Wednesday
Production News: Fujian Zhongjing (Wanjing) PC – China
http://go.chemorbis.com/4jfJgRo
Production News: Sinopec Yangzi PC – China
http://go.chemorbis.com/4i0yk98
Production
Traders Community
@TradersCom
·
4h Cruse #oil sell off continues, big weekly/daily levels tested
#WTI Crude Oil (Nymex) May 2025
USD/bbl. 62.45 -4.50 -6.72%
#Brent Crude (ICE) Jun 2025
USD/bbl. 65.70 -4.44 -6.33%
#RBOB Gasoline (Nymex)May 2025
USd/gal. 205.72 -10.71 -4.95%
#OOTT
Maelstrom Rider
@RiderMaelstrom
·
3h Is this chart here not a good check, suggesting the drop doesn’t stand out from typical noise?
Crude oil prices from macro trends to April 3
marco grisantelli
@marcogrisantell
·
Apr 2 Brent crude climbed 2% last week to $73.63/b despite a -10.5% Nasdaq drop and recession fears.
Tariffs & sanctions on reshaping oil flows.
Q1 avg: $75/b. WTI 13–24m strip at $64/b—US shale’s pain point?
#OPEC #CrudeOil #Commodities #WTI #EnergyMarkets
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