Oil Prices Drop 7% To Four-Year Low As Tariff Fallout Sparks Recession Fears
1. Oil prices fell 7% due to Trump's tariffs impacting demand. 2. China retaliated with a 34% tariff on U.S. goods. 3. OPEC+ announced increased oil output amid concerns over demand. 4. Brent crude prices dropped nearly 13% since Trump announced tariffs. 5. Goldman Sachs cut oil forecasts, citing recession risks and increased supply.