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Tariffs and Demand Fears Push Oil Prices Further Down ...Middle East
Crude oil prices slumped by 3% earlier this year as traders digested the barrage of tariffs that President Trump unleashed on U.S. trade partners. Between 10% and 34% for the biggest trade partners of the United States, the tariffs are expected to affect demand for pretty much everything, including energy commodities. At the time of writing, Brent crude was trading at $73.23 per barrel, with West Texas Intermediate at $69.94 per barrel, both down from Wednesday but still higher than a month ago and relatively unchanged from a week ago. “Trump's…
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