Why Did Antelope Enterprise Stock Plunge 10.85%?

On April 8, 2025, Antelope Enterprise's stock price plummeted by 10.85% in pre-market trading, reflecting significant market volatility and investor concerns.

The recent plunge in oil prices, driven by a surge in OPEC+ output and escalating global trade tensions, has had a profound impact on market sentiment. The 34% tariff on U.S. goods imposed by China starting April 10 has intensified fears of a global economic recession, with investment banks like JPMorgan now predicting a 60% chance of such an event by year-end. This economic uncertainty, coupled with increased oil supply, has led to a more volatile and unstable market environment.

Historically, trade tensions have led to significant drops in oil prices, and the current situation is no exception. The accelerated supply increase by OPEC+ to 411,000 barrels per day in May, up from the earlier target of 135,000 bpd, is expected to contribute to a surplus in the oil market, further destabilizing prices. Analysts predict that oil prices could drop to the 50s per barrel, indicating a long-term bearish outlook due to the trade war.

The impact of the trade war on oil prices is not solely about direct supply disruptions but also about the broader economic slowdown. The U.S. energy imports are exempted from the recent tariffs, meaning the primary concern is the overall economic downturn. This situation is likely to continue putting downward pressure on oil prices in the coming months, leading to a more volatile market environment.