International crude oil prices fell slightly on July 18 while remaining largely stable amid mixed US economic and tariff news.
According to the Financial Times, US President Donald Trump is pushing for a trade agreement with the EU with a minimum tariff rate of 15% to 20%. The report also indicates that, even if a deal is reached, the White House is considering setting reciprocal tariffs at a rate above 10%.
West Texas Intermediate (WTI) crude for August delivery decreased by US$0.20 (0.3%), reaching US$67.34 per barrel on the New York Mercantile Exchange. Brent crude for September delivery fell by US$0.24 (0.3%), settling at US$69.28 per barrel.
