Market Reacts to Trump's Tariffs

The global oil market faced another day of declines as investors digested the latest developments in international trade tensions. U.S. President Donald Trump's recent tariff impositions have sent ripples through the markets, affecting commodity prices worldwide.

Price Movements Highlighted

West Texas Intermediate for May's settlements saw a significant drop, decreasing by 2.30% to $65.53 per barrel. Similarly, Brent crude for June's deliveries wasn't spared, with prices falling by 2.18% to $68.69 per barrel.