Oil prices fell to their lowest level in years on Monday as worries about the reciprocal tariffs President Donald Trump announced last week continued to ripple through global markets.

When the economy slows down, the price of oil tends to fall. But this time, OPEC+ is increasing production despite weak demand.

Oil prices plunged this week as a one-two punch of sweeping U.S. import tariffs and an unexpected OPEC+ supply hike erased $10 per barrel from global benchmarks

Shares of oil companies have dropped sharply in recent days. Growth fears and expectations of more supply from OPEC+ are pressuring crude prices.

Oil prices settled down more than $1 a barrel on Tuesday to trade at four-year lows, as recession fears exacerbated by the trade conflict between the U.S. and China, the world's two biggest economies weighed on investor sentiment.

WTI crude oil (CLK25) today is down -1.11 (-1.79%), and May RBOB gasoline (RBK25) is down -0.0210 (-1.02%). Crude oil and gasoline prices today are sliding for a third session, with crude falling to a 4-year low and gasoline dropping to a 6-week low.