Oil prices fall on plan to increase US oil production, repeal of tariffs By Reuters


BEIJING (Reuters) – U.S. oil prices fell more than $1 a barrel in early Asian trade on Tuesday from Friday’s close after President Donald Trump took office and announced plans to boost production. of oil and gas in the US by declaring a national emergency.

© Reuters. File Photo: A pumpjack works at the Vermilion Energy site in Trigueres, France, June 14, 2024. REUTERS/Benoit Tessier/File photo

The most actively traded WTI crude March contract fell $1.02 to $76.37 a barrel at 2356 GMT on Monday.

There is no settlement in the US market for January 20 due to the Martin Luther King public holiday.





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