FX.co ★ Crude Oil Falls Below $60

Crude oil prices dropped over 3% to under $60 per barrel on Sunday evening as investor worries persisted regarding President Donald Trump's global tariff policies possibly leading to an economic recession in the U.S., and possibly worldwide. This decline comes on the heels of two consecutive 6% drops last week, pushing West Texas Intermediate (WTI) crude to its lowest point since April 2021. President Trump commented on Sunday evening, asserting that he is not intentionally driving the current market downturn but noted, "sometimes you have to take medicine to fix something."