Oil Holds Drop as Trade War and Rising Stockpiles Cloud Outlook

Bloomberg.com · last updated April 29, 2025 – 8:01 PM

Oil headed for the worst April performance on record on signs that the US-led trade war is hurting economic growth and energy demand at a time when the OPEC+ alliance has been loosening supply curbs.

Global benchmark Brent — which held near $64 a barrel — has slumped by about 14% this month, the largest loss for that period since the contract started trading in 1988. West Texas Intermediate was near $60 a barrel.

here today, more tomorrow

We’ve launched briefing.center with a focus on the press and media.

And we’ve added Citizen Cartwright, a daily quick-read news summary by veteran Washington journalist Linda Cartwright. We’ve also created a new voting rights knowledge center for Citizen Cartwright subscribers. (You can sign up for a dedicated morning email at citizencartwright.com.)

You can sign up here for full access to press and media and Citizen Cartwright on briefing.center.

You can use briefing.center as the center of your information management, or just one of your tools. We’re happy to discuss your information needs.