8% dives today, Friday, the price of oil, at the lowest levels since 2021 as China went on the counterattack by imposing 34% duties on all imported US products while at the same time intensifying concerns that the trade war could seriously harm the world.

Slow oil fell to $ 60.81 a barrel on Friday, the lowest intra -day level since April 2021.

Specifically, Brent’s future fulfillment contracts are losses of $ 6.7% at $ 65 a barrel at 1314 GMT, while US West Texas Intermediate (WTI) futures drop $ 7.5% to $ 61. $ 60.81 a barrel, respectively.

Both reference indicators were in orbit for their biggest weekly losses at more than two years.

“China’s aggressive movement on US duties confirms that we are heading for a world trade war; a war that has no winners and will harm economic growth and demand for basic products such as crude oil and refined products,” said Ole Hansen, Saxo Bank.

Donald Trump has supported cheapest energy prices as a way of dealing with life cost. But oil prices fall primarily this week as fears of an impending recession are constantly increasing.

Imports of oil, gas and refined products were excluded from Trump’s sweeping duties, but policies could trigger inflation, slow economic growth and intensify trade disputes, burdening oil prices.