Ammon News - Oil prices fell on Monday as concern about the impact of U.S. import tariffs on global economic growth and fuel demand, as well as rising output from OPEC+ producers, cooled investor appetite for riskier assets.

Brent crude fell 31 cents, or 0.4%, to $70.05 a barrel by 0445 GMT after settling up 90 cents on Friday. U.S. West Texas Intermediate crude was at $66.69 a barrel, down 35 cents, or 0.5%, after closing 68 cents higher in the previous trading session.

Oil prices clawed back some loss on Friday after Trump said the U.S. would increase sanctions on Russia if the latter fails to reach a ceasefire with Ukraine. Reuters