From Financial Modeling Prep: 2025-04-16 03:01:00

U.S. oil prices dropped 1% due to shifting tariff policies and the U.S.-China trade war, raising concerns about economic growth and energy demand. Brent Crude Futures fell to $64.01 per barrel, while WTI dropped to $60.64 per barrel, with both benchmarks seeing a 0.3% decline on Tuesday.

The recent tariff adjustments by President Trump have led to slower global economic growth and diminished U.S. production gains, impacting global oil demand. The IEA expects oil demand to grow at its slowest rate in five years, with anticipated production increases likely to slow down.

Market strategist Yeap Jun Rong noted investors’ struggle to find a catalyst for a meaningful rebound, as optimism around tariff rollbacks fades. The IEA projects lower world oil demand for this year, leading banks to cut their crude price forecasts. Ongoing trade tensions could increase global recession risks.

For investors and analysts, tracking real-time price changes in Brent and WTI through the Commodities API and monitoring economic releases with the Economics Calendar API is crucial. With evolving trade tensions and tariff policies, staying informed with accurate market data and economic indicators will be essential for navigating the energy market’s challenges.



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