Hey kids! Did you know that the price of oil went down? It's like a sale on gasoline! This happened because of some big disagreements between countries about trading.
These disagreements might mean less oil is used, which pushes prices down. It's a bit like if your favorite toy goes on sale - more people want to buy it!
This is affecting the world economy, a big deal that affects many things such as gas prices, which can affect how much you pay to go places in your family's car
- Countries are arguing about trading, which is impacting oil prices.
- Less oil might be used because of these arguments.
- The price of oil dropped to its lowest point since October.
| Fact | Number |
|---|---|
| Lowest oil price since | October |
| US imports affected | $1.5 trillion |
| OPEC+ production increase | 138,000 barrels/day |
| Tariff on Chinese exports | 20% |
| Tariff on imports from Canada and Mexico | 25% |
