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Oil Below $40 Isn’t a Joke! Tariffs Hit the Global Economy, and OPEC Throws in the Towel
TradingKey - Following a plunge in international oil prices to their lowest levels in four years, Goldman Sachs has presented an extreme scenario: Brent crude oil falling below $40 per barrel.
TradingKey
Apr 8, 2025
Oil: Tariff tensions build – ING
Oil prices witnessed something of a relief rally this morning. Yet risks are still skewed to the downside as President Trump threatens an additional 50% tariff on Chinese goods if it doesn’t lift its 34% retaliatory tariff today. It's unlikely that China will reverse the policy.
Fxstreet
Apr 8, 2025
Gold price moves away from multi-week low set on Monday; climbs to $3,000 mark
Gold price (XAU/USD) regains some positive traction during the Asian session on Tuesday and for now, seems to have snapped a three-day losing streak from a nearly four-week low, around the $2,957-2,956 area touched the previous day. US President Donald Trump's sweeping reciprocal tariffs...Fxstreet
Apr 8, 2025
BofA sees more volatility as tariffs unfold, cuts Copper and Aluminium forecasts
Investing.com -- Bank of America warned of rising volatility across metals markets due to ongoing trade tensions, cutting its 2025 copper and aluminium price forecasts and citing uncertainty around U.Investing.com
Apr 7, 2025
WTI plunges to near $60 on fears of global economic turmoil
West Texas Intermediate (WTI) recovers some intraday losses in European trading hours on Monday after sliding extensively to near $58.80 earlier in the day, the lowest level seen in four years. The Oil price is still 3% down near $60.40, at the time of writing.Energy: Oil pricing in big demand hit – ING
Oil prices have had their worst week since October 2023, with risk assets getting hit by US President Donald Trump’s reciprocal tariffs and the retaliation we have started to see towards them. China retaliated on Friday with a 34% tariff on all imports from the US.Fxstreet
Apr 7, 2025
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