Oil Softens on US Tariff Uncertainty and OPEC+ Output Expectations

Oil prices fell slightly on Thursday as the possibility of U.S. tariffs being reinstated raised demand concerns ahead of an expected supply boost by major producers.

Brent crude futures fell 21 cents, or 0.3%, to $68.90 a barrel by 1217 GMT. U.S. West Texas Intermediate crude declined 15 cents, or 0.2%, to $67.30.

Both contracts had hit one-week highs on Wednesday as Iran suspended cooperation with the U.N. nuclear watchdog, raising concerns the lingering dispute over its nuclear programme could again devolve into armed conflict...

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