Crude Oil Prices Slide to Four-Year Low Amid US-China Trade War

Crude Oil Prices Slide: Oil prices have fallen sharply due to renewed tensions in the US-China trade relationship. On Wednesday, oil prices dropped nearly 7%, reaching the lowest levels seen in four years. China announced higher tariffs on US goods in response to the US increasing its own tariffs. Brent crude fell to $60.35 per barrel, and West Texas Intermediate (WTI) dropped to $57.23 per barrel.

Crude Oil Prices Slide:
The trade war between the US and China has created concerns about slower global economic growth. As both countries impose higher duties, investors fear lower demand for oil, causing a steady decline in prices over the last week. Brent and WTI have dropped around 16% in just five days.

Price Forecasts by Analysts

Goldman Sachs now expects Brent to reach $62 and WTI to hit $58 by the end of 2025. Morgan Stanley has also revised its forecast, lowering Brent’s expected price to $65 for the second quarter. These predictions reflect the growing uncertainty in the oil market.

MCX Crude Trading Tips

Commodity experts say the recent dip in crude oil prices on the MCX platform could be a chance for smart investors. Crude oil fell to 4,975, breaking key support levels. Technical indicators like RSI show the market is oversold, which may lead to a short-term recovery.

Investors may consider buying in the 4,800–4,870 range with a stop loss below 4,600. Targets can be set at 5,380 and 5,535. Traders are advised to wait for bullish signals like candlestick patterns or RSI divergence before entering.

While this could be a good opportunity for short-term gains, experts warn investors to proceed cautiously. Respecting key levels and adjusting stop losses is important as the market reacts to global events.

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