Oil tanks 7% as Trump tariffs, OPEC+ supply increases send prices reeling

News Snapshot:

Oil futures tanked more than 7% on Thursday morning as Trump's tariffs sent financial markets reeling and new global supply developments suggested balance in the global oil market would remain under pressure. Near 10 a.m. ET on Thursday, the price of West Texas Intermediate (CL=F) crude oil, the US benchmark, fell over 7% to trade near $66.50 per barrel. Brent (BZ=F) crude oil, the international benchmark, was down over 6.5% to trade below $70 a barrel. NY Mercantile - Delayed Quote • USD (CL=F) View Quote Details 66.24 - (-7.63%) As of 10:44:11 AM EDT. Market Open. CL=F BZ=F Advanced...