Oil
Prices EasesSingapore,
1 Jul (ONA) – Oil prices edged down today, weighed by concerns of an economic
slowdown driven by prospects of higher US tariffs.Brent
crude fell 16 cents, or 0.24%, to $66.58 a barrel, while US West Texas
Intermediate crude edged lower 20 cents, or 0.31%, to $64.91 a barrel.US
Treasury Secretary Scott Bessent warned that countries could be
notified of sharply higher tariffs, opens new tab despite good-faith
negotiations as a 9 July deadline approaches, when tariff rates are scheduled
to revert from a temporary 10% level to President Donald Trump’s
suspended rates of 11% to 50% announced on 2 April.—
Ends/AH
