Crude Oil
Oil prices drop on fears of a trade war, despite Russian supply threats
The oil prices fell slightly on Tuesday, as concerns over the impact of a global trade war on growth trumped fears about the supply being affected by threats from U.S. president Donald Trump to impose second-tier tariffs on Russian crude or bomb Iran. Brent futures fell 10 cents or 0.1% to $74.67 per barrel at 0013 GMT. U.S. West Texas intermediate crude futures dropped 11 cents or 0.1% to settle at $71.37 after reaching five-week highs the day before. In March, a poll of 49 economists & analysts predicted that oil prices will remain under pressure due to U.S. Tariffs...