U.S. crude oil falls more than 2% as Trump weighs tariffs, aims to boost energy production

U.S. crude oil prices dropped over 2% on Tuesday, with President Trump considering imposing tariffs on key trade partners and focusing on increasing domestic energy production. U.S. crude oil fell $1.89 to $75.99 per barrel, while global benchmark Brent dropped $1.30 to $78.89 per barrel. Trump’s actions included considering tariffs on Canada and Mexico, declaring a national energy emergency, and lifting restrictions on offshore drilling and liquified natural gas exports.

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