April 10th, 2025 Tariffs and Volatility: The Wild Ride in Oil and Gas Prices Over the past week, there has been a substantial drop in the oil price. This showcases extreme volatility. There are two main reasons for the extreme price fall. Firstly, the global trade tensions that strains from Donald Trump tariffs. It has led to fear of a global economic slowdown, which in turn has decreased demand for crude oil. Secondly, OPEC has decided to increase their production, starting from may. This raises concerns for oversupply. The graph visualizes the Brent crude oil price the past month. We see the magnitude of the price fall is concerning, and it is actually the lowest the Brent crude oil price has been in over 4 years. Naturally, the gasoline price has also fallen for the same reasons. We see that the trajectory is quite similar. What the future brings is very uncertain. However, today's announcement by President Donald Trump of a 90-day hold on the tariffs prompted a re...