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.
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