Reported about 4 hours ago
Oil prices have dropped in early Asian trading as U.S. President Donald Trump's unpredictable tariff policies raise concerns over global economic growth and demand for fuel. Brent crude futures fell to $64.08 a barrel, while U.S. West Texas Intermediate crude dropped to $60.30. The escalating trade war between the U.S. and China, following significant tariffs, has increased fears about economic recession, dampening investor sentiment and contributing to a decrease in U.S. consumer confidence. Additionally, rising U.S. crude oil inventories and potential production increases from OPEC+ are further weighing on prices.
Source: YAHOO