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0.000975039001560145 0.00175507020280818 -0.00117004680187198 0.00058502340093606 0.0039001560062403 0.0631825273010921 0.0811232449297973 0.093213728549142
Stock impact report

Oil's Collapse Deepens Below $60 as China Hikes Tariffs on US [Yahoo! Finance Canada]

BP p.l.c. (BP) 
Last bp p.l.c. earnings: 4/29 04:01 pm Check Earnings Report
(Bloomberg) -- Oil plunged to a four-year low as an intensifying trade war endangered energy demand, with a fresh wave of US and Chinese levies menacing the global economy. Brent futures tumbled below $60 a barrel for the first time since 2021 as copper and other commodities also slid. West Texas Intermediate futures traded near $57 a barrel. Shares of BP Plc, Shell Plc, Exxon Mobil Corp. and Chevron Corp. slumped. Crude futures neared session lows briefly as official US data showed domestic inventories climbed to the highest since July, adding to worries about oversupply. The declines echoed wider turmoil across global markets, with investors fleeing stocks and bonds around the world in recent days after US President Donald Trump's tariffs took effect and China retaliated with higher levies of its own. The oil market's forward curve has also dramatically repriced, pointing to an emerging oversupply just a few months down the line, though market participants warn it's challen Show less Read more
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