Oil may be a recession indicator — but Trump’s sudden tariff-hike pause makes it harder to read - MarketWatch
1. Trump paused tariff hikes, impacting oil prices from $56.06 to $62.35. 2. Global recession fears correlate with falling oil prices and rising tariffs. 3. Oil price fluctuations reflect supply-demand dynamics and economic growth signals. 4. Oil production may decline significantly if prices fall below $50 per barrel. 5. Gasoline prices have dropped, though tariffs create market rally uncertainties.