Oil prices fell on Tuesday after U.S. President Donald Trump's lengthy 50-day deadline for Russia to end the Ukraine war and avoid sanctions eased immediate supply concerns. Brent crude futures fell 12 cents,

President Donald Trump’s threat to impose financial penalties on Russia has put the spotlight on the two biggest buyers of Moscow’s crude — India and China — but markets remain skeptical of disruption,

The oil market is holding firm despite tariff developments. Instead, the market appears focused on uncertainty around Trump’s scheduled major statement related to Russia. Read more