Oil prices fall to 2-week low on Opec+ output boost


Brent crude futures fell by US$1.61, or 2.4%, to settle at US$64.25 per barrel. US West Texas Intermediate (WTI) crude dropped by US$1.63, or 2.6%, to settle at US$60.42.

NEW YORK: Oil prices fell about 2% to a two-week low on Tuesday as investors braced for Opec+ to boost output and worried US President Donald Trump's tariffs would hit the global economy and slow demand for the fuel.

Brent crude futures fell by US$1.61, or 2.4%, to settle at US$64.25 per barrel. US West Texas Intermediate (WTI) crude dropped by US$1.63, or 2.6%, to settle at US$60.42.

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