Oil Steadies as Market Tracks Risk-Off Tone, Trade War Concerns

Bloomberg.com · last updated April 21, 2025 – 9:10 PM

Oil edged higher after tumbling on Monday following President Donald Trump’s escalating criticism of Federal Reserve Chair Jerome Powell, which rattled global markets.

Brent rose to near $67 a barrel after sliding 2.5% in the previous session, the most in more than a week, while West Texas Intermediate traded below $64. Trump warned that the US economy may slow if the central bank does not move to reduce interest rates, his latest broadside against Powell.

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