Reported 19 days ago
Oil prices decreased on Tuesday as uncertainties regarding the escalating trade tensions between the U.S. and China create concerns over global fuel demand. Brent crude futures fell by 28 cents to $63.04 a barrel, while U.S. West Texas Intermediate crude dropped by 23 cents to $59.26. Ongoing discussions between the two nations continue, but recent actions like China's export control expansions and the threat of U.S. tariffs have contributed to negative market sentiment. Analysts predict that while immediate price movements may remain stable, the energy market will continue to react to developments in U.S.-China relations.
Source: YAHOO