Oil falls as US crude inventories rise despite Saudi supply concerns
Brent crude futures fell 93 cents, or 0.86%, to $107.82 a barrel at 0028 GMT, while U.S. West Texas Intermediate futures were down 97 cents, or 0.92%, at $104.86 a barrel.
Brent crude futures fell 93 cents, or 0.86%, to $107.82 a barrel at 0028 GMT, while U.S. West Texas Intermediate futures were down 97 cents, or 0.92%, at $104.86 a barrel.
Trump could get power to hit India with up to 100% tariffs as Russia sanctions bill advances
-US House advanced Russia/Iran sanctions bill.
-Bill could impose tariffs on Russian oil buyers.
-India faces potential 100% tariffs on its goods.
-US House advanced Russia/Iran sanctions bill.
-Bill could impose tariffs on Russian oil buyers.
-India faces potential 100% tariffs on its goods.
The US House of Representatives voted to advance a bill that would authorise President Donald Trump to impose 100% tariffs on India and other countries for buying oil and gas from Russia and extend existing sanctions on Iran.
The resolution to advance the Russia sanctions bill and a slew of other legislations was approved by a 214-211 vote, shocking the House Democratic leadership.
The resolution to advance the Russia sanctions bill and a slew of other legislations was approved by a 214-211 vote, shocking the House Democratic leadership.
The US Federal Reserve is set to announce policy verdict later today, Wednesday, 16 September with markets bracing for a fresh rate hike as inflation, bond yields and oil prices continue to climb.