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Oil prices drop to their lowest in 3 months

May 31, 2019 12:05 IST

After Donald Trump introduced new tariff plans for Mexico, crude oil prices fell 1.5% on Friday, fuelling fears of global economic growth. Brent crude futures traded at $65 per barrel while WTI crude futures were down close to a dollar, trading at $55.66. Both the futures were trading at their lowest since March. Crude prices have also been under pressure on reports of smaller decline in US inventories than analyst expectations.

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