# Oil settles down over 3% as investors reassess Trump's tariff flip | Reuters

> U.S. WTI crude settled down over 3% at $60.07 after investors reassessed Trump's tariff reversal and a deepening U.S.-China trade war. The EIA cut its global economic growth and oil demand forecasts, citing tariff effects.

- Date: 2025-04-10 · published 2025-04-10T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/6320-oil-settles-down-over-3-as-investors-reassess-trump-s-tariff-flip-reuters
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Lower official demand forecasts and recession risk keep a cap on energy prices, which in turn weighs on biofuel feedstock values and demand sentiment across the commodity complex.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2020-01-08 | [Oil slumps, stocks soar as Mideast conflict worries fade \| Reuters](https://feedsoft.ai/events/9657-oil-slumps-stocks-soar-as-mideast-conflict-worries-fade-reuters.md) | -7.0% | -18.9% |
| WTI | 2017-05-03 | [U.S. oil inventories dip, but gasoline builds amid weak demand: EIA By Reuters](https://feedsoft.ai/events/10016-u-s-oil-inventories-dip-but-gasoline-builds-amid-weak-demand-eia-by-reuters.md) | -3.8% | +1.4% |
| WTI | 2023-10-04 | [Oil settles down more than $5 as US data shows weak demand for gasoline](https://feedsoft.ai/events/7361-oil-settles-down-more-than-5-as-us-data-shows-weak-demand-for-gasoline.md) | -3.7% | -8.8% |
| WTI | 2024-11-04 | [OPEC oil output rises in October as Libyan supply rebounds, survey finds \| Reuters](https://feedsoft.ai/events/27304-opec-oil-output-rises-in-october-as-libyan-supply-rebounds-survey-finds-reuters.md) | +1.3% | -2.1% |
| WTI | 2023-08-31 | [OPEC oil output rises in August as Iran hits 2018 high, Reuters survey finds \| Reuters](https://feedsoft.ai/events/34490-opec-oil-output-rises-in-august-as-iran-hits-2018-high-reuters-survey-finds.md) | +6.4% | +12.3% |
| BRENT | 2020-01-08 | [Oil slumps, stocks soar as Mideast conflict worries fade \| Reuters](https://feedsoft.ai/events/9657-oil-slumps-stocks-soar-as-mideast-conflict-worries-fade-reuters.md) | -5.9% | -21.3% |
| BRENT | 2017-05-03 | [U.S. oil inventories dip, but gasoline builds amid weak demand: EIA By Reuters](https://feedsoft.ai/events/10016-u-s-oil-inventories-dip-but-gasoline-builds-amid-weak-demand-eia-by-reuters.md) | -4.0% | +2.7% |
| BRENT | 2023-10-04 | [Oil settles down more than $5 as US data shows weak demand for gasoline](https://feedsoft.ai/events/7361-oil-settles-down-more-than-5-as-us-data-shows-weak-demand-for-gasoline.md) | -3.8% | -6.0% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-prices-fall-trump-escalates-trade-war-with-china-2025-04-10/

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