Oil Falls Amid U.S. Crude Build, Trade War Fears
Oil prices slide 2% despite U.S. President Trump reinstating maximum pressure on Iran, as rising U.S. crude inventories and fears of a trade war raise demand concerns.
Brent crude is down 1.9% to $74.75 a barrel, while WTI falls 2.1% to $71.21 a barrel.
The latest data from the Energy Information Administration show crude stockpiles rose by 8.7 million barrels last week, against expectations of a 1.3-million-barrel rise.