Global energy industry hit by trade war and economic slowdown, leading to oil price drop

From Yahoo Finance: 2025-04-05 13:48:00

The global energy industry suffered this week due to fears of a trade war and economic slowdown. China retaliated against US tariffs, causing oil prices to drop over 8%, with natural gas prices falling by 7.5%. JP Morgan predicts a 60% chance of a global recession by year end.

OPEC+ plans to increase oil output, leading to lower oil price forecasts by Goldman Sachs. Drilling Tools International Corporation (DTI) saw a significant share price decline between March 27 to April 3, 2025. The company reported mixed Q4 results, with a net loss of $1.3 million. The stock is affected by falling oil prices and economic concerns.

DTI ranks 2nd among energy stocks with the highest losses this week. While energy companies have potential, AI stocks offer greater returns. Consider investing in AI stocks for higher returns within a shorter timeframe. Check out the report on the cheapest AI stock for promising gains.



Read more at Yahoo Finance: Why Drilling Tools International Corporation (DTI) Stock Crashed This Week