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Crude oil prices drop $10 per barrel after Trump's tariff announcement
The New Indian Express Hyderabad
|April 07, 2025
CRUDE oil prices have witnessed a sharp decline, dropping nearly $10 per barrel in just one week, following the Trump administration's announcement of tariffs on certain countries.
Although the oil and gas sector is exempt from these tariffs, concerns over inflation, slowed economic growth, and intensified trade disputes have contributed to the price drop. Brent Crude Oil, which was trading at $72.94 per barrel, has witnessed a 7% drop to $65.58 per barrel on Sunday. West Texas Intermediate (WTI) Crude Oil was $61.99 per barrel, dropping almost 7.41%. On Friday, crude oil prices crashed 7% to reach their lowest point in over three years. This decline is at
This story is from the April 07, 2025 edition of The New Indian Express Hyderabad.
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