U.S. benchmark oil prices settled below $60 a barrel Tuesday, plunging to another four-year low as President Donald Trump follows through on his threat to hit hard against countries that retaliate against his tariffs,

The Nikkei 225 is 5.7% higher, driven by speculation that the US is prepared to open trade negotiations with Japan. The Shanghai Composite and Hang Seng index are also in positive territory, despite Donald Trump threatening to impose additional tariffs on China.

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 1.057 million barrels for the week ending April 4

Oil prices slid Friday to their lowest levels in nearly four years. A plan to increase supply by the Organization of the Petroleum Exporting Countries and its allies added to fears that tariffs will plunge the global economy into recession.

Oil futures fell sharply Sunday evening, extending a sharp drop that came at the end of last week after being hit with a double whammy of rising recession fears and [a surprise decision by OPEC+ produ

Oil prices are headed for a weekly loss of more than 5% after U.S. President Donald Trump's tariff blitz and OPEC+'s plans for a larger-than-expected supply hike in May shook the market. Crude benchmarks extended the previous session's losses,

Energy prices got slammed by fears of a global economic slowdown stemming from President Trump's tariff plan, and OPEC and its market allies piled pressure onto the U.S. energy industry by open up the spigots.

Someday, Donald Trump will understand that it's not always good news when oil prices fall. But today is not that day.