From Financial Modeling Prep.: 2025-04-10 04:00:00

Oil prices dipped in Asian trading due to U.S.-China trade tension despite Trump’s tariff pause. Brent Crude fell 0.6% to $65.09, WTI dropped 0.5% to $62.06. Contracts surged 4% post-tariff pause, after a 7% dip. Trump paused tariffs for most countries but raised China tariffs to 125%, met with an 84% Chinese levy.

ING analysts foresee global growth uncertainty impacting oil demand. ICE Brent curve suggests oversupply, indicating a potential downward trend. Demand-side challenges persist with China’s growth at risk. For real-time oil data, traders can access the Commodities API by Financial Modeling Prep for updates on Brent, WTI, and more.



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