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18 April 2024

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Global oil prices drop after Trump announces new tariffs

03-04-2025 10:32 AM


Ammon News -

Oil prices dropped by two dollars on Thursday after U.S. President Donald Trump announced new tariffs.

According to Bloomberg News, Brent crude futures fell by $1.97, reaching $72.98, while West Texas Intermediate (WTI) crude futures dropped by $1.98, reaching $69.73.

Data from the U.S. Energy Information Administration, released on Wednesday, supported the downward trend in oil prices, showing a significant increase of 6.2 million barrels in U.S. crude inventories last week, compared to analysts' expectations of a decrease of 2.1 million barrels.




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