Oil steadies as market awaits fresh US tariffs

Quick Summary:

Oil prices were little changed on Wednesday as traders remained cautious ahead of U.S.tariffs due to be announced at 2000 GMT, fearing they could exacerbate a global trade war and dampen demand for crude.

Brent futures were down 7 cents, or 0.09 per cent, at $74.42 a barrel by 0858 GMT.U.S.

West Texas Intermediate crude futures fell 5 cents, or 0.07 per cent, to $71.15.

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Article Details

Category: EconomyBusiness

Markets: SingaporeCanada

Topics: Inventories Demand Prices Trade Tariff Crude Wednesday Trump Tariffs Brent Barrels

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-02 @ 08:56:33 (2 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 492 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 27536050

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 53 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1 hours ago

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Publisher ID: #27

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