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Oil Prices Continue to Fall on Trump's Comment; China PMI Data Weigh


Tuesday, 30 April 2019 13:09 WIB

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Oil prices continued to drop on Tuesday in Asia following U.S. President Donald Trump's earlier claim that he had "called" OPEC to lower U.S. gasoline prices.

U.S. Crude Oil WTI Futures dropped 0.2% to $63.46 by 12:05 AM ET (04:05 GMT), while international Brent Oil Futures fell 0.2% to $71.38.

Prices closed off session-lows on Monday after OPEC's Secretary General Mohammed Barkindo later denied having spoken with the president. The president later tweeted that he had spoken to Saudi Arabia.

Last week, oil prices rallied after Trump tightened sanctions against Iran by ending all exemptions that major buyers previously had.

Source : Investing.com


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