Oil prices plunge to four-year low amid OPEC+ surprise and trade war escalation, Brent sinks over 10% in 2 days
- Posted on April 4, 2025
- By Financial Express
- 1 Views
Oil prices plunge to four-year low amid OPEC+ surprise and trade war escalation, Brent sinks over 10% in 2 days
Goldman Sachs and ING have lowered oil price forecasts, citing heightened risks to demand and increased OPEC+ supply. Bearish options trading has surged, and futures timespreads are softening — a signal of expectations for looser supply-demand balances.
