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Crude oil tumbles to YTD lows as tariff worries lead to plunging consumer confidence

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Feb. 25, 2025 7:50 PM ETUnited States Oil Fund, LP ETF (USO), CL1:COMUCO, DBO, UNG, FCG, USL, SCO, UNL, BNO, BOIL, KOLD, GUSH, DRIP, USOI, CO1:COM, NG1:COMBy: Carl Surran, SA News Editor
Data analyzing in commodities energy market: the charts and quotes on display. US WTI crude oil price analysis. Stunning price drop for the last 20 years.

SlavkoSereda/iStock via Getty Images

Crude oil futures fell Tuesday to their lowest since December, with WTI breaking below $70/bbl support, after President Trump said tariffs on imports from Canada and Mexico are “on time and on schedule” to start March 4, with plans for reciprocal tariffs as early as April.

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