Mumbai, April 2 -- Crude oil futures slipped below $71 per barrel as markets braced for new US tariffs, raising concerns over energy demand. Oil found some support from Trump's threats of secondary duties on Russian oil and stricter Iran sanctions. API data showed a 6 million barrel crude build, while gasoline stocks fell by 1.6 million barrels. Investors now eye the OPEC plus meeting for further direction. MCX April crude futures dropped Rs.54 to Rs.6064 per barrel. Meanwhile, India's US crude imports surged 67 percent to 244,000 barrels per day in March, reflecting Trump's push for American oil. Russian oil faces uncertainty as Trump plans 20 to 25 percent duties and new buyer restrictions.
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