🔻🛢️ US crude oil falls below $60 a barrel, its lowest level since 2021, amid fears that global tariffs imposed by President Donald Trump could push the United States, and possibly the world, into a recession.
🔻 US West Texas Intermediate (WTI) crude futures fell more than 3% to $59.74 Sunday evening in Asian trading.
- This decline follows two consecutive 6% declines last week, with WTI now at its lowest level since April 2021.
- Concerns are growing that tariffs will lead to higher prices for businesses, which could slow economic activity, ultimately impacting oil demand.
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