Register
Demo
Contacts
 

Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Oil prices are declining amid the escalation of the US trade war

April, 03 2025
watermark Economic news

Oil prices dropped sharply after Donald Trump decided to impose tough duties on products from key trading partners, including China and the European Union. These measures have provoked a decrease in demand for energy resources and exacerbated the trade standoff, which could jeopardize global consumption levels.


The price of Brent crude oil fell by 6%, reaching $69.90 per barrel, reflecting the overall decline in global markets. The price of WTI oil dropped to $66.65 per barrel. The latest tariffs have become the most extensive measure of pressure from Trump on the international economic system, which he has long criticized and considers unfair. 


The new global tariffs are a continuation of previously imposed trade restrictions against Canada, Mexico and China. However, the White House clarified that oil, natural gas and other energy resources are not subject to the new trade restrictions. This made it possible to minimize the direct impact of the measures on the fuel markets.


World-Class Trading Platform

Professional Customer Support

Best Execution

Logo

QUICK LINKS

+ 442 030 976 697
Contact Us
Feedback
twitter

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2025 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.