U.S. crude oil losses deepen as Trump tariffs fuel recession fears

U.S. oil prices dropped below $60 a barrel as the global market sell-off on recession fears fueled by President Donald Trump's tariffs escalated.
Read more at CNBC
Save Story

Topics in this Story

Related Stories

Oil drops further as fears of global recession rise

Oil drops further as fears of global recession rise

Financial Times · 6h
‘Wait, Baby, Wait’: Slumping Oil Prices Reflect Economic Worries

‘Wait, Baby, Wait’: Slumping Oil Prices Reflect Economic Worries

The New York Times · 3d

Bitcoin drops to $74,000 before rebounding as cryptocurrencies join global market rout

CNBC · 4h
Oil Prices Tumble Further as Trump’s Tariffs Weigh on Economic Outlook

Oil Prices Tumble Further as Trump’s Tariffs Weigh on Economic Outlook

The New York Times · 10h

'This is the Trump recession,' CEOs say, with tariff price increases, job losses coming: CNBC survey

CNBC · 5h

Trump's tariffs were expected to boost the dollar, but recession fears are dragging it down

CNBC · 1d
Trump says he is 'not looking' to pause tariffs before this week's rollout, despite market uncertainty

Trump says he is 'not looking' to pause tariffs before this week's rollout, despite market uncertainty

NBC News · 2h
Trump officials vow to stay the course on tariffs despite market turmoil

Trump officials vow to stay the course on tariffs despite market turmoil

Financial Times · 1d
CEOs Cry Foul Over Trump’s Tariffs: ‘This Is Not What We Voted For’

CEOs Cry Foul Over Trump’s Tariffs: ‘This Is Not What We Voted For’

Inc. · 5h

More from CNBC

Apple's 3-day loss in market cap swells to almost $640 billion

CNBC · 2h

GM reveals Corvette EV concept car as it reconfirms commitment to Europe

CNBC · 2h

Microsoft terminates jobs of engineers who protested use of AI products by Israel's military

CNBC · 7m

Apple's highest-end iPhone could see $350 price hike in U.S. on Trump tariffs, analyst predicts

CNBC · 2h

Elon Musk's brother slams Trump tariffs, calls them 'permanent tax on the American consumer'

CNBC · 3h

More in Business

BoE asks banks whether clients have funding problems after Trump-induced market rout

BoE asks banks whether clients have funding problems after Trump-induced market rout

Financial Times · 6m

Microsoft terminates jobs of engineers who protested use of AI products by Israel's military

CNBC · 7m
Trump threatens extra 50% tariff on China in day of wild market swings

Trump threatens extra 50% tariff on China in day of wild market swings

Financial Times · 21m

Jim Cramer says a recession is likely but investors shouldn't panic sell

CNBC · 53m
After Navarro Defends Tariffs, Bessent Says Trump Is Ready to Negotiate

After Navarro Defends Tariffs, Bessent Says Trump Is Ready to Negotiate

The New York Times · 1h