Oil Prices Ease as Market Weighs Trump Tariff Threats and US Stock Build
Oil prices fell on Thursday as investors weighed the supply risks from U.S. President Donald Trump's push for a swift resolution to the war in Ukraine through more tariffs, while a surprise build in U.S. crude stocks on Wednesday also weighed on prices.
Brent crude futures for September, set to expire on Thursday, declined by 61 cents, or 0.83%, to $72.63 a barrel by 1326 GMT. U.S. West Texas Intermediate crude for September fell 68 cents, or 0.97%, to $69.32.
Both benchmarks lost ground on Thursday after recording 1% gains on Wednesday...
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