Dhaka, March 25 -- Oil prices barely moved on Tuesday as investors weighed the impact of US tariffs on countries buying oil and gas from Venezuela against the effect of tariffs on industries such as automobiles on the global economy and oil demand.

Brent crude futures were up 1.0 cents at $73.01 a barrel by 0121 GMT. US West Texas Intermediate crude rose 1.0 cent to $69.12, reports Reuters.

Both benchmarks gained more than 1.0 per cent on Monday after US President Donald Trump announced a 25 per cent tariff on countries importing oil and gas from Venezuela.

"Investors fear Trump's various tariffs could slow the economy and curb oil demand, but the prospect of tighter US sanctions on Venezuelan and Iranian oil constraining supply, along...