Oil and metals prices fall on concerns about the global economy.

Oil prices plummeted on Thursday due to concerns that President Trump’s tariffs will slow global economic growth, reducing demand for energy products. Despite exemptions for energy and minerals, the tariffs are expected to have a significant negative impact on the industry, with U.S. oil prices dropping 7 percent to around $67 a barrel. The move to increase oil production by OPEC and its allies further added pressure on prices, as companies face the challenge of maintaining profitability amid escalating trade tensions.

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