Oil Tumbles on Escalating Trade War, Surprise OPEC+ Move
Oil sank to a four-year low as an intensifying global trade war threatens to batter energy demand, with a fresh wave of US levies going into effect in a move that will deal a heavy blow to the global economy. The losses have been compounded by a decision by OPEC+ to loosen output curbs at a faster clip than previously expected. Ziad Daoud of Bloomberg Economics has the latest.
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