Mumbai, Feb. 4 -- WTI crude oil slumped after briefly hitting one-week high in the previous session and extends slide to Tuesday morning in Asia. The counter is currently quoting at $72.30 per barrel, down over 1% on the day amid Trump's decision to delay tariffs. US President Donald Trump announced a one-month delay on newly imposed tariffs on imports from Canada and Mexico. This eases worries over potential supply disruptions from two of the primary oil suppliers to the US and weighs on Crude Oil prices. Meanwhile, the Organization of the Petroleum Exporting Countries and its allies (OPEC+) resisted calls from Trump to increase output to lower prices and maintained their current oil production plans.
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