Brent oil prices fall below $60 a barrel after new US tariffs take effect

oEnergetice.cz, ČTK
oEnergetice.cz, ČTK
9 April 2025, 13:21
Brent oil prices fall below $60 a barrel after new US tariffs take effect

Oil prices have fallen for a fifth straight day, with North Sea Brent plunging below 60 dollars a barrel. Investors are worried about oil demand as a result of the trade war launched by US President Donald Trump through the imposition of tariffs. Another broad set of tariffs, which Trump calls reciprocal, took effect today.

Oil prices are now at their lowest level since 2021 and have been falling since Trump announced the so-called reciprocal tariffs. High tariffs could drag the economy into recession, undermining demand for fuels.

Translation disclaimer

This article is a machine translation of the Czech original and has not yet been fully reviewed. In case of any doubt, please refer to the Czech version.

Topics:vedeníceny ropybrentDonald Trump

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