Global Oil Prices See Volatility on Monday

Economy 09:21 AM - 2025-04-07

Oil Prices.

On Monday, 7 April 2025, global oil prices saw considerable volatility, primarily driven by shifting geopolitical tensions and evolving trade policies.

Brent crude futures fell sharply by 3.2%, reaching $63.46 per barrel, while U.S. West Texas Intermediate (WTI) crude dropped by 3.3%, to $59.94 per barrel. This represented a significant decline from the previous week, largely due to concerns over a potential global economic slowdown, exacerbated by ongoing trade tensions between the U.S. and China.

Oil prices remain highly sensitive to the risk of supply disruptions linked to U.S. threats against Russia and Iran. However, higher production levels from OPEC+ and the U.S., alongside mounting worries about a global economic downturn, are capping any potential for price recovery.

Traders are closely monitoring developments in global trade policies, particularly the effects of U.S. tariffs and China’s retaliatory measures, as well as escalating geopolitical risks, all of which could heavily influence the market direction in the coming weeks.



PUKMEDIA