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Brent crude oil slides to fresh 2024 low on demand worries

The front-month contract for Brent crude North Sea oil was down USD 0.40 at USD 73.35/bbl on Ice Futures, while the WTI equivalent stood USD 0.42 lower on the day at USD 69.92/bbl. Earlier today, the Brent and WTI benchmarks touched USD 73.14/bbl and USD 69.73/bbl, the lowest levels since

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Trump’s big oil crackdown ‘sounds like political theater’, says expert

President Trump has ordered the DOJ to investigate oil companies over claims they are too slow to lower gas prices despite falling crude costs. Karen Young, senior research scholar at Columbia University’s Center on Global Energy Policy, called the move “political theater,” saying that’s “not really how gasoline prices work” in the U.S.

News and Publications with Karen E. Young CNBC • June 24, 2026
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