Commodities
Oil Declines After Trump Says He’ll Push OPEC to Lower Prices
- US crude inventories fell 1.02 million barrels, EIA says
- Futures had advanced earlier in session on Russia sanctions
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Oil fell after President Donald Trump said he’ll push Saudi Arabia and OPEC to reduce the price of crude, reviving a tactic to control energy prices that he frequently employed during his first term in office.
West Texas Intermediate futures slid 1.1% to settle below $75 a barrel, while global benchmark Brent slipped near $78.