Clara Ferreira Marques

1 month ago | bloomberg.com | Clara Ferreira Marques |Katia Dmitrieva |Jill Disis |Andrew Dunn

Oil has had a painful start to Wednesday, extending a decline that’s now pushed prices to the lowest levels since early 2021. Fears of a global recession, and particularly concerns over the impact of tariffs on demand in some of the world’s top-consuming nations, have pushed the global Brent benchmark down toward $60 a barrel. West Texas Intermediate is sliding for a fifth day.