DBT Bureau
Bengaluru, 8 April 2025
Crude oil price is seen as an indicator of global financial health. After the imposition of tariffs by the Trump administration, crude oil prices have fallen below $60 per barrel.
Here is a snapshot of price trend of crude oil in three decades where sharp fluctuation in the commodity had happened.
| Year | Crude Oil Price | Reason |
| 1990 | From $17/barrel to $46/barrel | Gulf war |
| 2008 | From $145/barrel to $32/barrel | Global Financial Crisis |
| 2014-16 | From $107/barrel to $26 barrel | US Shale Oil boom |
| 2020 | From $60/barrel to $37/barrel | COVID pandemic |
| 2025 | Drop below $60/barrel | US trade tariffs |
(Source: publicly available data)
