Oil Price Plummets, Recession Fears
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crude oilEtf
•Business
Business & Economics
Oil Plunges To New Multi-Year Lows As Recession Fear Spikes

78% Informative
The United States Oil Fund ( USO ), the largest oil-tracking ETF, dropped 7.1% in midday trading on Friday .
WTI crude oil traded as low as $60.45 per barrel for the first time in four years , when the pandemic was still weighing heavily on the global economy.
Friday ’s selloff came as recession worries intensified amid a dramatic escalation in President Donald Trump 's ongoing trade war.
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