Oil prices continued their decline on Tuesday, after United States President Donald Trump’s decision to pause all military assistance to Ukraine and as markets braced for U.S. tariffs on Canada, Mexico and China to take effect.
Brent crude futures experienced a decline of 54 cents, or 0.75 per cent, settling at $71.08 per barrel.
Similarly, U.S. West Texas Intermediate crude dropped by 36 cents, or 0.53per cent, to $68.01.