30/4/2025, 9:09:03 am

Oil Set for Historic April Selloff as Trade War Darkens Outlook

Oil prices are set for their worst April on record, with Brent crude falling over 14% to near $64 a barrel, the largest drop since 1988. U.S.-China trade tensions and rising crude stockpiles, up 3.8 million barrels, are driving the decline. OPEC may increase supply further, while Russia's exports have risen for the second week.