Oil falls 2% as investors weigh tariffs, Russian supply


Brent crude was down US$1.58, or 2.3%, at US$67.22 a barrel. West Texas Intermediate (WTI) crude lost US$1.55, or about 2.4%, to US$63.25.

NEW YORK: Oil prices fell 2% on Tuesday, erasing gains from the previous session, as investors watched developments around US tariffs, the war in Ukraine and the potential disruption of Russian fuel supplies.

Brent crude was down US$1.58, or 2.3%, at US$67.22 a barrel, a day after hitting its highest price since early August. West Texas Intermediate (WTI) crude lost US$1.55, or about 2.4%, to US$63.25.

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