The recent decline in crude oil prices has taken them to the lowest point in four years amidst the uncertainty of Trump's trade disputes. As of Monday, WTI crude was trading below $60 a barrel, the lowest since 2021. Traders are closely monitoring the heightened risks of a recession and the potential increase in crude oil supply. This drop in oil prices, the lowest since the start of the pandemic, is attributed to concerns about economic growth impacting energy demand while the global supply is expected to rise. Both Brent crude and West Texas Intermediate crude experienced a selloff on Monday, with Brent dropping by as much as 5% and trading as low as $62 a barrel, while WTI declined by 5% as well, reaching $59 a barrel, marking the first time it has gone below $60 since 2021. Oil company stocks also suffered losses during the overall stock market decline, with Exxon Mobil Corp down almost 2% and Chevron down nearly 2% due to Trump's recent tariff announcements. Shell's stock also dropped about 3% by the end of Monday's session. The fear of an economic downturn caused by the tariffs has weighed heavily on oil prices. Goldman Sachs and JPMorgan have raised their recession forecasts, with trade tensions being a significant factor. Furthermore, the announcement by OPEC+ to increase crude oil production led to a further decline in oil prices last week. Market analyst David Morrison noted that the tariffs coupled with increased production have negatively impacted crude oil prices, foreseeing limited potential for price hikes as demand decreases against a backdrop of surplus supply.