Oil slumps to $60 a gallon — lowest price since 2021 — as recession fears mount

Oil benchmarks hit their lowest levels since 2021 as investors worried the inflationary risks of tariffs and OPEC's recent surprise supply hike could cause a surplus.

Apr 7, 2025 - 18:31
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Oil slumps to $60 a gallon — lowest price since 2021 — as recession fears mount
Oil benchmarks hit their lowest levels since 2021 as investors worried the inflationary risks of tariffs and OPEC's recent surprise supply hike could cause a surplus.