An Oil Price Crash for the History Books

This week saw oil prices tank more than 10% as President Donald Trump’s tariffs went into effect. A single-day drop of more than 7% in global oil prices is rare but not unheard of. It usually signals something dramatic: the spectre of war (directly involving the U.S.), pandemics, cartel infighting, or, in this case, the first new salvo in a brewing global trade war.  We have been here before, and not that long ago. In fact, we have been here, exactly, during Trump’s first crack at the tariff arena.  We count six incidents/events…