India, April 8 -- Oil prices held steady on Tuesday after tumbling to a four-year low the previous day on tariff-related demand worries.
Benchmark Brent crude futures edged up by 0.1 percent to $64.27 a barrel in European trade, while WTI crude futures were up 0.2 percent at $60.82.
Some calm returned to markets even as trade tensions escalated, with Beijing saying that the U.S. threat to escalate tariffs against China is a 'mistake on top of a mistake' and amounts to blackmail.
Goldman Sachs has warned that Brent crude could drop below $40 a barrel by late 2026 under extreme scenarios involving both a global GDP slowdown and a full unwinding of OPEC+ cuts.
Geopolitical tensions remained on investors' radar after U.S. President Donald T...