The trade war is clobbering energy markets, with oil hitting its lowest price in 4 years

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• Crude prices just dropped to their lowest level in four years amid the chaos of Trump's trade war.
• WTI crude traded below $60 a barrel on Monday, the lowest since 2021.
• Traders are eyeing elevated recession risks and the prospect of more crude supply on the market.

Oil prices touched their lowest level since the pandemic on Monday, with growth fears hammering the outlook for energy demand at a time when global supply is set to increase.