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Oil falls as economic jitters dampen demand outlook
short by / on Tuesday, 29 April, 2025
Crude oil prices dipped in early Asian trade Tuesday as the US-China trade war dampened demand outlook. Brent fell 25 cents to $65.61, while WTI dropped 18 cents to $61.87. Both benchmarks slid over $1 on Monday. Economists warn Trump's tariff push could trigger a global recession this year.