Oil Dives More Than 6%, Steepest Fall in 3 Years on Tariffs, OPEC+ Supply Boost / Latest / By mark Oil prices swooned on April 3 to settle with their steepest percentage loss since 2022, after OPEC+ agreed to a surprise increase in output the day after U.S. President Donald Trump announced sweeping new import tariffs. Share this: Click to share on Facebook (Opens in new window) Facebook Click to share on X (Opens in new window) X Related