Mumbai, April 3 -- Crude oil futures slumped nearly 4% below $69 per barrel as Trump's sweeping tariffs fueled fears of weaker global demand. Despite exemptions for energy imports, the 10% baseline tariff and steep levies on China (34%) and the EU (20%) raised market concerns. Adding to the pressure, US crude inventories unexpectedly surged by 6.2 million barrels, driven by increased Canadian imports. Meanwhile, Russia tightened export restrictions, further complicating supply dynamics. On MCX, crude futures for April delivery slid Rs.203 to Rs.5944 per barrel. Investors now await the OPEC+ meeting for clarity on production policy.
Published by HT Digital Content Services with permission from Capital Market....