India, April 1 -- The price of crude moved to the downside during trading on Tuesday, giving back ground after surging to its highest closing level over a month on Monday.
After spiking $2.12 or 3.1 percent to $71.48 a barrel in the previous session, crude for May delivery fell $0.38 or 0.5 percent to $71.10 a barrel.
The pullback by the price of crude oil came as traders await U.S. President Donald Trump's reciprocal tariffs announcement on April 2 to assess the impact on fuel demand.
A report from the Washington Post this morning said White House aides have drafted a proposal to impose tariffs of around 20 percent on most imports to the U.S.
However, the Washington Post noted White House advisers cautioned that several options are on ...