Oil Prices Ease as Traders Assess US Tariffs and OPEC+ Output Boost

Oil prices retreated on Tuesday, having climbed almost 2% in the previous session, as investors assessed the latest developments on U.S. tariffs and a higher than expected increase to OPEC+ output for August.

Brent crude futures were down 10 cents, or about 0.1%, to $69.48 a barrel at 1320 GMT. U.S. West Texas Intermediate crude were down 21 cents, or about 0.3%, to $67.72.

U.S. President Donald Trump began telling trade partners on Monday that sharply higher U.S. tariffs...

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