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Oil prices fall, touch 1-month low after Trump's tariff threat

Updated : May 06, 2019 10:49 PM IST

US West Texas Intermediate (WTI) crude futures lost 29 cents to $61.65 a barrel. WTI's session low was $60.04 a barrel, the weakest since March 29.
On Sunday, Trump said on Twitter that tariffs on $200 billion of goods would increase on Friday to 25 percent from 10 percent, reversing his February decision to keep them at 10 percent due to progress in trade talks.
Oil prices fall, touch 1-month low after Trump's tariff threat
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