INSUBCONTINENT EXCLUSIVE:
Oil prices plunged by 8% on Friday, heading for their lowest close since the midst of the coronavirus pandemic in 2021, as China hit back in
an escalating global trade war with the U.S
Nations around the world have readied retaliation after Trump raised tariff barriers to their highest in more than a century, leading to a
plunge in world financial markets.Brent futures dived by $5.30, or 7.6%, to $64.84 a barrel by 1254 GMT
West Texas Intermediate crude futures lost $5.47, or 8.2%, to $61.48.Both benchmarks were on course for their biggest weekly losses in
tariffs all but confirms we are heading towards a global trade war; a war that has no winners and which will hurt economic growth and demand
sell-off was a decision by the Organization of the Petroleum Exporting Countries and its allies, known collectively as OPEC+, to advance
plans for output increases, with the group now aiming to return 411,000 barrels per day (bpd) to the market in May, up from the previously
planned 135,000 bpd.Fuelling the oil sell-off was a decision by the Organization of the Petroleum Exporting Countries and its allies, known
collectively as OPEC+, to advance plans for output increases, with the group now aiming to return 411,000 barrels per day (bpd) to the
trade disputes, weighing on oil prices.Goldman Sachs analysts responded with sharp cuts to their December 2025 targets for Brent and WTI by
