Oil Price Drop: Key Factors Explained

Liliane Mokbel, 09/04 21:35 - Reading : 3 minute(s)

Donald Trump United States China Oil Market

Oil prices plunged on Wednesday due to the escalating trade war between the United States and China, with Brent crude falling below $60 per barrel for the first time in four years. At around 11:20 GMT (13:20 in Paris), the price of North Sea Brent crude for June delivery dropped by 5.52% to $59.35, briefly reaching a low of $58.47 during the ...