Oil falls as Trump's Aug 1 trade tariff deadline looms


Brent crude futures for September settled down 71 cents, or 0.97% to US$72.53 a barrel. US West Texas Intermediate crude for September settled down 74 cents, or 1.06%, to US$69.26.

HOUSTON: Oil prices declined on Thursday as US President Donald Trump's August 1 tariff deadline loomed over investors, with uncertainty surrounding countries yet to negotiate a trade deal with the US.

Brent crude futures for September expired on Thursday and settled down 71 cents, or 0.97% to US$72.53 a barrel. US West Texas Intermediate crude for September settled down 74 cents, or 1.06%, to US$69.26. US crude futures fell more than US$1 earlier in the session.

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