Oil falls to lowest in nearly three months as US tariffs on Mexico stoke economy worries
US West Texas Intermediate (WTI) crude futures were at $55.78 per barrel, down 81 cents, or 1.5%, from their last settlement. WTI earlier marked its lowest since March 8 at $55.66 a barrel.
Crude prices have also been under pressure from a smaller-than expected decline in U.S. stockpiles. Image source: Reuters