Reported about 5 hours ago
Oil prices continue to decline as President Trump hints at new tariffs on China, raising trade war concerns. Brent crude is trading near $79 per barrel, while West Texas Intermediate is below $76. Amidst speculation around tariffs on Canada and Mexico, Canadian suppliers are rushing to export crude to the U.S. before potential levies take effect, potentially increasing gasoline prices for American consumers. The market is shifting focus from Russian sanctions to escalating trade tensions.
Source: YAHOO