Oil prices experienced a decline during early trading on Tuesday, marking a second consecutive day of decreased values. This downturn is attributed to concerns that potential U.S. tariffs on imports from Canada, Mexico, and China may hinder global economic growth and, consequently, dampen energy demand. This decline occurs as the OPEC+ coalition continues to enhance its supply levels.
In terms of specifics, Brent crude futures fell by 29 cents, or 0.42%, settling at $68.99 per barrel. Meanwhile, U.S. West Texas Intermediate crude futures dropped by 36 cents, or 0.55%, to reach $65.67 per barrel.
Source: Arabic
