Oil prices on the U.S. and European benchmarks fell Monday to their lowest level since April 2021. The tumble began Wednesday after President Donald Trump announced new tariffs on almost all U.S. trading partners. Within a day of the announcement, OPEC announced it would increase production by 411,000 barrels per day.
Just The NewsOil prices hit a four-year low, and experts debate what will happen nowOil prices fall to their lowest level since April 2021 and OPEC announces it will increase production. Lowering energy costs will benefit the overall economy, but some experts say the oil and gas industry can't be profitable with prices this low — or lower.
@JesseStone but we are still paying around $5/gal.