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An oil pump jacks used in the Airankol oil field, April 2, 2025, shows shields in the oil field in the oil field operating in the Atyrau region of Kazakhstan.
Pavel Mikheyev | Reuters
The US crude oil is lower than $ 60 from a barrel on Tuesday, for the lowest in four years because merchants President Donald Trump’s Sweeping tariffs Completed, the global trade war triggers.
Small Oil is the lowest level of $ 59.58, a low level since April 1.12 or 1.85%, 2021. Global Benchmark Brent $ 62.82 per barrel or 2.16%, 2.16% fell to $ 2.16%.
The US benchmark increased by 1.7% in the session, but Trump’s Chinese tariffs were withdrawn as tariffs on the market. Prices are more than 15% when Trump has announced the new tour of import taxes.
The oil market faces the “toxic cocktail” due to the return of Trump’s tariffs and more barrels by returning the barrel by Opec +.
“Now people expect to see if there is a potential for this trade dispute,” said Croft Squawk on the street CNBC.
The US Tariff Degree in the United States, the White House, at 12:01 pm 12:01 pm 12:01 to 104% at 12:01 PM. Beijing did not show signs of support, swearing to “fight until the end.”
Tuesday, the Treasury Secretary Scott Bessent lost his hand to CNBC, he lost his hand to China.
“I think this was Chinese escalation for playing with a pair of Chinese escalations,” Bessent during the interview of CNBC “Squawk box.” “What do we lose in Chinese tariff tariffs? We export them because they export them to them, so it is lost for them.”
