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Oil Edges Lower Amid Mixed Developments
Oil Edges Lower Amid Mixed Developments

Wall Street Journal

time7 hours ago

  • Business
  • Wall Street Journal

Oil Edges Lower Amid Mixed Developments

0007 GMT — Oil edges lower in early Asian trade amid mixed developments. President Trump said Monday the U.S. will impose tariffs of up to 100% on Russia if it doesn't agree to halt hostilities in Ukraine within 50 days. The 50-day pause has eased worries that direct sanctions on Russia could disrupt crude oil flows, ANZ Research analysts say in a research report. However, sentiment has been weighed by rising trade tensions, the analysts say, noting Trump has threatened to impose 30% tariffs on EU and Mexican goods. Front-month WTI crude oil futures are 0.2% lower at $66.83/bbl; front-month Brent crude oil futures are 0.2% lower at $69.09/bbl. (

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