Oil Selloff Continues as China Responds to U.S. Tariffs

Oil futures fell to a nearly four-year low in a second day of heavy selling after China retaliated against U.S. tariffs with duties of its own, adding to concerns about a loss of demand. WTI fell 7.4% to $61.99 a barrel, its lowest since late April 2021. Brent fell 6.5% to $65.58 a barrel.