# Oil prices slide 2% to near 4-year low as US trade conflict fuels recession fears | Reuters

> Oil prices slid about 2% to a near four-year low on Monday as worries grew that new U.S. tariffs would trigger global recession. Brent settled at $64.21 and WTI at $60.70, both down about 11% for the previous week.

- Date: 2025-04-06 · published 2025-04-06T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/6318-oil-prices-slide-2-to-near-4-year-low-as-us-trade-conflict-fuels-recession
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Expectations of weaker global growth and fuel demand weigh on crude and related energy prices, which tends to reduce biofuel-linked demand for vegetable oils.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2025-04-07 | 5 | -15.6% | -5.6 | Brent slid a further ~2% to near a four-year low on recession fears, which adds to the cumulative drop. |
| WTI | 2025-04-07 | 5 | -15.5% | -4.6 | Further 2% slide on April 7 to near 4-year low on recession fears extended the five-day decline. |
| BRENT | 2025-04-08 | 5 | -16.6% | -5.2 | Further decline to near 4-year low on recession fears from tariffs extended the slide within the window. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2019-05-31 | [Oil Prices Slide on Trade Tensions and China Fears](https://feedsoft.ai/events/9884-oil-prices-slide-on-trade-tensions-and-china-fears.md) | -6.9% | +4.9% |
| WTI | 2025-04-07 | [Oil drops to four-year low, metals fall on recession fears](https://feedsoft.ai/events/6319-oil-drops-to-four-year-low-metals-fall-on-recession-fears.md) | -0.8% | -6.8% |
| WTI | 2025-04-08 | [Oil settles down $1 at four-year low as US-China trade war escalates](https://feedsoft.ai/events/25281-oil-settles-down-1-at-four-year-low-as-us-china-trade-war-escalates.md) | +1.5% | -1.6% |
| WTI | 2019-05-23 | [Oil plunges as US-China trade dispute heats up, Iran tension cools](https://feedsoft.ai/events/7395-oil-plunges-as-us-china-trade-dispute-heats-up-iran-tension-cools.md) | -4.2% | -12.5% |
| WTI | 2018-11-23 | [A slippery trade: oil slump proves bears right](https://feedsoft.ai/events/10784-a-slippery-trade-oil-slump-proves-bears-right.md) | -5.6% | -16.1% |
| BRENT | 2019-05-31 | [Oil Prices Slide on Trade Tensions and China Fears](https://feedsoft.ai/events/9884-oil-prices-slide-on-trade-tensions-and-china-fears.md) | -8.8% | -2.2% |
| BRENT | 2025-04-07 | [Oil drops to four-year low, metals fall on recession fears](https://feedsoft.ai/events/6319-oil-drops-to-four-year-low-metals-fall-on-recession-fears.md) | -1.7% | -9.0% |
| BRENT | 2025-04-08 | [Oil settles down $1 at four-year low as US-China trade war escalates](https://feedsoft.ai/events/25281-oil-settles-down-1-at-four-year-low-as-us-china-trade-war-escalates.md) | +1.3% | -4.5% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-prices-extend-losses-fears-global-trade-war-could-slow-economy-2025-04-06/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.