West Texas Intermediate crude futures saw a 0.9 percent decline, reaching $76.69 per barrel
Oil prices witnessed a decline during a turbulent session on Tuesday, following President Donald Trump’s declaration of a national emergency on his inaugural day in office, aimed at boosting U.S. energy production.
Despite the drop in crude prices, losses were curbed by a weakening dollar. Additionally, President Trump indicated potential plans for increased sanctions against Venezuela, which could further tighten oil markets.
Attention also remained on the recent U.S. sanctions affecting Russian crude, while traders adjusted their expectations,…
