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US WTI crude oil fell sharply by 7.4% on Friday, falling below $62, the lowest level since 2021, partly due to concerns that large-scale tariffs announced by the US will damage economic growth. West Texas Intermediate crude oil futures for May delivery on the New York Mercantile Exchange fell $4.96, or 7.41%, to close at $61.99 a barrel. On Friday morning, the price of the item dropped by more than 8%. Prior to that, the price of the item fell sharply by 6.6% on Thursday. Based on the most active contracts, WTI crude oil fell by more than 10.62% cumulatively this week.

Zhitongcaijing·04/04/2025 19:25:03
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US WTI crude oil fell sharply by 7.4% on Friday, falling below $62, the lowest level since 2021, partly due to concerns that large-scale tariffs announced by the US will damage economic growth. West Texas Intermediate crude oil futures for May delivery on the New York Mercantile Exchange fell $4.96, or 7.41%, to close at $61.99 a barrel. On Friday morning, the price of the item dropped by more than 8%. Prior to that, the price of the item fell sharply by 6.6% on Thursday. Based on the most active contracts, WTI crude oil fell by more than 10.62% cumulatively this week.