India, Feb. 4 -- Oil prices fell on Tuesday as U.S. President Donald Trump agreed to postpone levies on Canada and Mexico's exports to the United States for 30 days.
Meanwhile, the Trump administration imposed 10% tariffs on imports from China, and the latter retaliated with tariffs of up to 15% on American goods and export controls on strategic materials, including tungsten and tellurium.
West Texas Intermediate Crude oil futures for March settled at $72.70 a barrel, down $0.46 or about $0.63% from previous close.
Brent crude futures closed higher by $$0.24 or about 0.32% at $76.20 a barrel.
The OPEC+'s decision to stick with its plans to begin returing 2.2 million barrels per day of voluntary production cuts by increasing supply by 12...