Oil suffers biggest 5-day drop since 2022, metals plunge as trade war escalates
il prices fell to a four-year low on Wednesday in its worst five-day losing streak in three years, while several commodities, including base metals, tumbled as the trade war between China and the US is set to intensify. Stocks in Asia extended a slide on Wall Street as US President Donald Trump looked set to press ahead with whopping 104% duties on Chinese goods as global recession fears gripped financial markets.
il prices fell to a four-year low on Wednesday in its worst five-day losing streak in three years, while several commodities, including base metals, tumbled as the trade war between China and the US is set to intensify.
Stocks in Asia extended a slide on Wall Street as US President Donald Trump looked set to press ahead with whopping 104% duties on Chinese goods as global recession fears gripped financial markets.
