Oil prices fell early in Asia. A series of mixed signals from the Trump administration over the weekend regarding tariffs on smartphones, laptops and other electronics have fueled fresh uncertainty over US trade policy. Changes in US tariff policy continue to drive dramatic swings in commodity prices, Olivia Cross of Capital Economics said in a note. "In the short term, policy announcements will likely be the main driver of commodity prices, along with economic data that may reflect the impact of tariffs on industrial activity and trade," the climate and commodities economist added. Front-month WTI crude fell 0.4% to $61.27/bbl; front-month Brent crude fell 0.3% to $64.56/bbl. (Newsmaker23)
Source: Dow Jones Newswires