Oil Prices Ease Despite Trump Warning of Possible Tariffs on Russian Buyers

OIL PRICE - SINGAPORE. Oil prices slipped on Monday, heading for a modest quarterly loss, despite a warning from U.S. President Donald Trump that he may impose secondary tariffs on buyers of Russian oil if he feels Moscow is blocking his efforts to end the war in Ukraine.

The more active June Brent crude futures fell 30 cents, or 0.4%, to $72.46 a barrel by 0330 GMT, while U.S. West Texas Intermediate crude declined 33 cents, or 0.5%, to $69.03 a barrel. Front-month Brent, which was down 26 cents, or 0.4%, at $73.36, expires later on Monday.