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Oil Slumps as Saudis Cut Prices During Markets Sellof
Posted
April 7, 2025
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April 7, 2025
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3:11Now PlayingOil swooned as markets remained on edge about the next steps for President Donald Trump’s global tariff plans. West Texas Intermediate futures swung in a roughly $5 range before trading below $61 a barrel.
Crude has plunged to levels not seen for four years as Trump’s tariffs imperil global energy demand and a surprise output hike from Saudi-led OPEC+ raises the prospect of swelling supplies.
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