Oil prices faltered for a fourth consecutive session on Tuesday, 8 April 2025, as the escalation of the US-China trade war deepened investor concerns. Macroeconomic risks stemming from the frictions remained central to market sentiment
The oil market sank to a four-year low on Monday, 7 April 2025, after Washington threatened further tariffs in response to Beijing’s latest retaliatory levies, reinforcing fears of an escalating US-China trade war.