COMMODITY
Crude oil futures end lower amid trade tensions between US-EU
Jul-23-2025

Crude oil futures ended lower on Tuesday as continued uncertainty on tariff negotiations between the US and its trading partners has raised demand concerns. The US President Donald Trump has threatened to hit most of the European Union (EU) bloc's exports with 30% tariffs, leaders are focused to avert the enormous levies. Furthermore, reports suggest that the EU is planning to retaliate if the ongoing talks fail. Investors fear that A high-tariff regime could push up inflation and can result in low demand for oil and energy.

Benchmark crude oil futures for August September fell $0.99 or about 1.5% at $66.21 a barrel on the New York Mercantile Exchange. Brent crude for September decreased $0.62 or about 0.90% at $68.59 a barrel on London's Intercontinental Exchange.

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