India, March 27 -- Oil prices fell from a one-month high on Thursday as the announcement of auto tariffs by U.S. President Donald Trump stoked worries about global growth and the likely impact on fuel demand.
Benchmark Brent crude futures dipped half a percent to $72.72 a barrel in European trade while WTI crude futures were down 0.6 percent at $69.25.
Both benchmarks rose by around 1 percent on Wednesday, buoyed by data showing a decline in U.S. inventories and renewed efforts from the U.S. to limit Venezuelan and Iranian oil exports.
A government report showed U.S. crude inventories fell the most since December, signaling healthy demand for fuel in the world's largest economy.
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