Oil Eases on Concerns about Escalating Tariff Wars’ Impact on Global EconomyTokyo, 13 Mar (ONA) — Oil prices eased today after surging
the day before as worries about the impact of intensifying tariff
wars on global economic growth and energy demand outweighed the
positive sentiment from a larger-than-expected draw in US gasoline
stocks.
Brent futures fell 7 cents, or 0.1%, to $70.88 a barrel, while US
West Texas Intermediate crude futures shed 11 cents, or 0.2%, to
$67.57 a barrel.
Both benchmarks rallied about 2% yesterday as US government data
showed tighter-than-expected oil and fuel inventories.— Ends/Khalid
