Crude Oil Prices Decline Amid Fears Tariffs Could Hamper Economic Expansion and Fuel Consumption

Crude oil prices experienced a downturn as market participants expressed concerns that escalating trade tariffs could hinder global economic growth and, consequently, reduce demand for energy commodities. Analysts noted that the potential slowdown in industrial activity might weaken consumption patterns, affecting the overall outlook for petroleum products. This downward adjustment in pricing reflects investor sentiment reacting to geopolitical and macroeconomic uncertainties that could shape energy markets in the coming months.

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