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Oil Holds Hefty Advance With Trump Sanctions, Tariffs in Focus

Bloomberg.com · last updated

Oil edged down as uncertainty about US President Donald Trump’s tariff plans muddies the economic outlook.

West Texas Intermediate futures fell 0.4% to settle above $71 a barrel, after gaining 3.1% on Monday. The S&P 500 also edged lower as Trump prepared to implement reciprocal tariff plans that have raised worries about the strength of the world’s largest economy.

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