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Oil falls to lowest since February 2021

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Oil prices fell for a fifth day on Wednesday to their lowest since February 2021 after U.S. President Donald Trump's "reciprocal" tariffs took effect, including a 104% duty on Chinese goods, intensifying a global trade war.

Axar.az reports, citing Reuters, Brent futures dropped $2.10, or 3.34%, to $60.72 a barrel as of 0935 GMT. U.S. West Texas Intermediate crude futures fell $2.04, or 3.42%, to $57.54. Both contracts reached their lowest level since February 2021.

Date
2025.04.09 / 16:25
Author
Axar.az
See also

Oil prices fall in global market

Gold hits a new record above $3,744 per ounce

US Federal Reserve cuts discount rate to 4–4.25%

Global oil prices continue to rise

Azerbaijan resumes crude oil exports to India

Oil prices keep climbing on world markets

Global oil prices rise again

Global oil prices decline

Oil prices continue to climb in global markets

Oil prices keep rising in global markets

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