Oil prices fall on decreased demand due to global economic downturn!
"China's aggressive countermove to U.S. tariffs all but confirms we are heading towards a global trade war; a war that has no winners and which will hurt economic growth and demand for key commodities such as crude oil and refined products," said Ole Hansen, head of commodity strategy at Saxo Bank.
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https://www.cnbc.com/2025/04/04/oil-set-for-worst-week-in-months-over-trumps-new-tariffs.html
