No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Monday, October 6, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Oil prices: Oil plunge deepens on fears global trade war could trigger recession

by TheAdviserMagazine
6 months ago
in Business
Reading Time: 2 mins read
A A
Oil prices: Oil plunge deepens on fears global trade war could trigger recession
Share on FacebookShare on TwitterShare on LInkedIn


TOKYO: Oil prices slid more than 3% on Monday, deepening last week’s losses, as escalating trade tensions between the United States and China stoked fears of a recession that would reduce demand for crude.

Brent futures declined $2.28, or 3.5%, to $63.30 a barrel at 0049 GMT, while U.S. West Texas Intermediate crude futures lost $2.20, or 3.6%, to $59.79. At the session low, both benchmarks hit their lowest since April 2021.

Oil plunged 7% on Friday as China ramped up tariffs on U.S. goods, escalating a trade war that has led investors to price in a higher probability of recession. Over the past week, Brent lost 10.9%, while WTI dropped 10.6%.

“The primary driver of the decline is concern that tariffs will weaken the global economy,” said Satoru Yoshida, a commodity analyst with Rakuten Securities.

“Additionally, a planned production increase by OPEC+ is also contributing to the selling pressure,” he said, adding that retaliatory tariffs from countries beyond China will be a key factor to watch.

Live Events

Yoshida predicted that WTI could fall to $55 or even $50 if stock market declines persist. Responding to U.S. President Donald Trump’s tariffs, China on Friday said it would impose additional levies of 34% on American goods, confirming investor fears that a full-blown global trade war is under way and that the global economy may be at risk of a recession. Imports of oil, gas and refined products were given exemptions from Trump’s sweeping new tariffs, but the policies could stoke inflation, slow economic growth and intensify trade disputes, weighing on oil prices.

Federal Reserve Chair Jerome Powell said on Friday that Trump’s new tariffs are “larger than expected,” and the economic fallout including higher inflation and slower growth likely will be as well.

Over the weekend, top OPEC+ ministers stressed the need for full compliance with oil output targets and called for overproducers to submit plans by April 15 to compensate for pumping too much.



Source link

Tags: DeepensfearsGlobaloilplungePricesrecessiontradeTriggerWar
ShareTweetShare
Previous Post

Bitcoin drops Sunday evening as cryptocurrencies join global market rout

Next Post

S&P 500 circuit breaker on tariff worries. What that means

Related Posts

edit post
David Ellison says he’s confident Bari Weiss ‘will invigorate CBS News’ as new editor-in-chief

David Ellison says he’s confident Bari Weiss ‘will invigorate CBS News’ as new editor-in-chief

by TheAdviserMagazine
October 6, 2025
0

Paramount said Monday that it has bought the news and commentary website The Free Press and installed its founder, Bari...

edit post
Dow falls, S&P 500 and Nasdaq rise as AMD surges on OpenAI deal, shutdown drags on

Dow falls, S&P 500 and Nasdaq rise as AMD surges on OpenAI deal, shutdown drags on

by TheAdviserMagazine
October 6, 2025
0

US stocks were mixed on Monday as the federal government shutdown entered another week, while a megadeal between AMD (AMD)...

edit post
Sebi chairman warns retail investors against speculative trading in derivatives

Sebi chairman warns retail investors against speculative trading in derivatives

by TheAdviserMagazine
October 6, 2025
0

Sebi chairman Tuhin Kanta Pandey on Monday said retail investors should avoid speculative trading in derivatives, underscoring the risks associated...

edit post
AMD signs AI chip-supply deal with OpenAI, shares surge 38%

AMD signs AI chip-supply deal with OpenAI, shares surge 38%

by TheAdviserMagazine
October 6, 2025
0

Shares of Advanced Micro Devices (AMD) surged 38% to hit a high of $226.70 on Nasdaq after the company announced...

edit post
Gen Z has a different attitude about dining from baby boomers and millennials—and it shows in smaller tickets at chain restaurants

Gen Z has a different attitude about dining from baby boomers and millennials—and it shows in smaller tickets at chain restaurants

by TheAdviserMagazine
October 6, 2025
0

When Mia Jones goes out to eat with her friends, she wants something that’s just right: not overly popular, but...

edit post
Should You Consider Adding Chipotle Mexican Grill (CMG) to Your Portfolio?

Should You Consider Adding Chipotle Mexican Grill (CMG) to Your Portfolio?

by TheAdviserMagazine
October 6, 2025
0

ClearBridge Investments, an investment management company, released its “ClearBridge Large Cap Growth Strategy” third-quarter 2025 investor letter. A copy of...

Next Post
edit post
S&P 500 circuit breaker on tariff worries. What that means

S&P 500 circuit breaker on tariff worries. What that means

edit post
Memecoin platform Pump.fun brings livestream feature back to 5% of users

Memecoin platform Pump.fun brings livestream feature back to 5% of users

  • Trending
  • Comments
  • Latest
edit post
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
California May Reimplement Mask Mandates

California May Reimplement Mask Mandates

September 5, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

September 9, 2025
edit post
Tips to Apply for Mental Health SSDI Without Therapy

Tips to Apply for Mental Health SSDI Without Therapy

September 19, 2025
edit post
Novogratz’s Galaxy Digital launches retail app to rival Robinhood

Novogratz’s Galaxy Digital launches retail app to rival Robinhood

0
edit post
Halloween Stock Market Contest – Wall Street Survivor

Halloween Stock Market Contest – Wall Street Survivor

0
edit post
What is a bull market? Definition, examples, and investment strategies.

What is a bull market? Definition, examples, and investment strategies.

0
edit post
3 False Claims About Making a Mid-Career Switch to Higher Ed

3 False Claims About Making a Mid-Career Switch to Higher Ed

0
edit post
UK NHS Encourages First-Cousin Marriages

UK NHS Encourages First-Cousin Marriages

0
edit post
Rekordwoche für Bitcoin: Beflügelt das Allzeithoch nun auch Bitcoin Hyper?

Rekordwoche für Bitcoin: Beflügelt das Allzeithoch nun auch Bitcoin Hyper?

0
edit post
Novogratz’s Galaxy Digital launches retail app to rival Robinhood

Novogratz’s Galaxy Digital launches retail app to rival Robinhood

October 6, 2025
edit post
Halloween Stock Market Contest – Wall Street Survivor

Halloween Stock Market Contest – Wall Street Survivor

October 6, 2025
edit post
Rekordwoche für Bitcoin: Beflügelt das Allzeithoch nun auch Bitcoin Hyper?

Rekordwoche für Bitcoin: Beflügelt das Allzeithoch nun auch Bitcoin Hyper?

October 6, 2025
edit post
More Workers Push Back as Return-to-Office Mandates Intensify

More Workers Push Back as Return-to-Office Mandates Intensify

October 6, 2025
edit post
David Ellison says he’s confident Bari Weiss ‘will invigorate CBS News’ as new editor-in-chief

David Ellison says he’s confident Bari Weiss ‘will invigorate CBS News’ as new editor-in-chief

October 6, 2025
edit post
How to Hire Movers in Six Steps

How to Hire Movers in Six Steps

October 6, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Novogratz’s Galaxy Digital launches retail app to rival Robinhood
  • Halloween Stock Market Contest – Wall Street Survivor
  • Rekordwoche für Bitcoin: Beflügelt das Allzeithoch nun auch Bitcoin Hyper?
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.