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0.00099269658937805 0.000259991963884651 0.00909971873596626 0.00860337044127724 0.00224538514264102 -0.00623980713323417 -0.00503438984613202 0.00375806565978864
Stock impact report

Oil falls to lowest level in more than three years amid recession fears, OPEC+ production hikes [CNBC]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: CNBC
U.S. oil prices have dropped to their lowest level since 2021 this week, sparked in part by concerns that the massive tariffs announced by the United States will hurt economic growth. Futures for fell 8% on Friday, bringing the price per barrel below $62. The latest slide comes after a 6.6% decline on Thursday. The swift drop for oil prices comes as the supply-demand dynamic for the energy market is getting hit on both sides. The tariffs announced by U.S. President Donald Trump this week have raised the , according to Wall Street economists. The economic outlook is a key factor for oil prices, as both consumers putting gas in their cars or chemical producers using energy as a feedstock in their production increase the demand for crude. “While it is currently difficult to predict the overall direction of developments, we believe that, for oil prices, the trajectory is unmistakably one-way,” said Natasha Kaneva, head of global commodities research at JPMorgan, in a note to cl Show less Read more
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