Mumbai, March 11 -- Oil futures dropped near $65 per barrel in electronic trading, marking a second straight session of losses as concerns over U.S. tariffs rattled global markets. Delayed but looming tariffs on major oil suppliers like Canada and Mexico, along with China's retaliatory measures, stoked fears of weaker demand and slower economic growth. Additional pressure came from China's deepening deflationary woes despite stimulus efforts, raising doubts about its oil consumption. Investors remained cautious as market sentiment weakened amid global uncertainty. Meanwhile, MCX March oil futures edged up Rs 4 to Rs 5782 per barrel.
Published by HT Digital Content Services with permission from Capital Market....