Reported about 15 hours ago
Oil prices have decreased following President Trump's initial sanctions and tariffs that raised concerns about global trade and economic stability. Brent crude has fallen below $78 a barrel, while West Texas Intermediate sits near $74. The US imposed these measures on Colombia after it restricted military planes carrying deported migrants, with further threats directed at other countries, including Canada and China. As crude prices had previously surged due to sanctions on Russian oil, analysts note that Trump's actions increase market volatility and could affect upcoming OPEC+ decisions.
Source: YAHOO