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Oil prices have crashed to 4-year lows. That means cheaper gas for Americans hitting the roads this summer.
Gas prices in the US are averaging about $3.12 per gallon, and could drop below $3 this summer as oil trades at the lowest level since 2021. Read More
Oil prices on track for biggest monthly drop since 2021 as trade war sparks recession, demand fears
Crude oil prices are headed for their worst monthly drop since 2021 as fears over a global economic downturn and demand shock as a result of tariffs come as the supply of oil is about to surge. West ... Read More
Oil Nations Scramble to Avert Economic Crisis After Prices Crash
The April market rout, which crashed oil prices into the low ... that the oil price decline could hit its economy hard. Oil at $60 is about $20 to $30 per barrel lower than what many major oil ... Read More
Russian Economy Dealt Blow With Slumping Oil Prices
Brendan Cole is a Newsweek Senior News ... hit economy. Russia's Economic Development Ministry downgraded its 2025 forecast for Urals crude, Russia's major oil export brand, to $56 a barrel. Read More
Oil prices rise 3% on support from US-China trade hopes
Oil prices rose around 3% on Thursday, buoyed by hopes of a breakthrough in looming trade talks between the U.S. and China, the world's two largest oil consumers. Read More
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