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Oil prices rebound

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Oil fell to just $60 a barrel. That’s the lowest we’ve seen it since 2021.
From Marketplace
Oil prices fell to a four-year low on Wednesday while several commodities, including coffee, tumbled as the trade war between China and the U.S. intensified.
From Reuters
E add say "Nigerians go need bear di gbege wey goment go face. Dis na becos Nigeria total revenue go reduce. And if revenue reduce, goment no go fit capture all di tins wey dem wan spend money on."
From BBC

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Why are oil prices plummeting? Hint: it's not just tariffs.
When the economy slows down, the price of oil tends to fall. But this time, OPEC+ is increasing production despite weak demand.
Oil prices rebound as Trump delays tariffs, but industry worries persist
After crashing to four-year lows on concerns about the impact of President Donald Trump’s tariffs, West Texas Intermediate rebounded Wednesday after those tariffs were postponed for 90 days. Tariffs on Chinese imports were not paused,
Oil prices up 3% after Trump declares pause on most tariffs but higher tariff on China
Oil prices climbed on Wednesday, bouncing back from four-year lows earlier in the session, after U.S. President Donald Trump announced he would further increase tariffs on China but pause the tariff increases he announced last week for most other countries.
COMMODITIES Energy, metals and grains surge after Trump tariff pause
Oil prices surged from a four-year low on Wednesday and gold rallied in a broad-based commodities and equity market rebound after U.S. President Donald Trump said he would temporarily lower recently enacted tariffs on dozens of countries while further increasing duties on China.
Oil Prices Tumble, Squeezing U.S. Producers
The slide in crude prices signals deteriorating confidence in the strength of the economy. U.S. oil prices continued to sink Wednesday morning, falling to about $56 a barrel as China said it would match President Trump’s tariffs blow for blow.
Brent crude dips below $60 per barrel for first time in 4 years
The price fell to $58.60 in morning trading in London and hovered close to $60 throughout the day, marking a roughly 18 per cent drop over the past five days as Trump has pushed ahead with tariff plans.
How drop in price of crude oil fit affect di Nigeria economy?
Crude oil price don weak, e don drop more than 12% reach around $65.50 per barrel, afta President Donald Trump slam trade tariffs on plenti kontiris.
Oil Contango Creeps Back as Traders Move to Price Recession
The shape of the oil futures curve is rapidly shifting into contango — a fresh sign that traders are hastily dialing back their expectations for global demand this year.
Oil Executives Are Quiet on Trump Policies. Privately, They’re Worried.
Eager to stay in Mr. Trump’s good graces, oil executives refrain from publicly criticizing the president. But privately, ‘Everybody’s afraid.’
Tanking oil prices could more than double Saudi Arabia's deficit to $75 billion and threaten spending plans: Goldman Sachs economist
Saudi Arabia needs oil at more than $90 a barrel to balance its budget. Goldman Sachs this week lowered its Brent crude price forecast for 2025 to $62 a barrel.
Goldman Warns Oil Crash Could Push Saudi Arabia’s Budget Deficit to $67 Billion
The oil-price crash is set to have far-reaching consequences for Saudi Arabia’s finances and vast economic ambitions.
Strong rouble, cheap oil may push Russia into borrowing spree this year
A strong rouble and low oil prices are set to widen Russia's budget deficit this year, adding to the pressure on it from military spending and forcing the government to borrow more than it planned or tap its remaining fiscal reserves,
Oil crash could push Saudi Arabia's budget deficit to $67 bn: Goldman Sachs
Crude has plunged to its lowest level in about four years after US President Donald Trump unveiled new tariffs on almost all countries
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