Oil Prices Decline Amid Ongoing Concerns Over US TariffsSingapore, 15 Jul (ONA) —- Oil prices today fell after US President Donald Trump’s lengthy 50-day deadline for Russia to end the Ukraine war and avoid sanctions eased immediate supply concerns.
Brent crude futures fell 25 cents to $ 68.96 a barrel, while US West Texas Intermediate crude futures fell 34 cents to $66.64.
Both contracts settled more than $1 lower in the previous session.
Tariffs risk slowing down economic growth, which could sap global fuel demand and drag oil prices lower.—- Ends/Khalid
