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 Oil prices fall as U.S. moves to cut fuel tax.

Oil prices fall as U.S. moves to cut fuel tax.

The prices of crude oil plummeted 4 per cent on Wednesday amid a push by the U.S. president, Joe Biden, to cut taxes on fuel to cut costs in the United States.

Brent crude futures were down $4.65, or 4.1 per cent, at $110.00 a barrel while U.S. West Texas Intermediate (WTI) futures fell $5.08, or 4.6 per cent, to $104.44 by 0918 GMT.

https://www.premiumtimesng.com/business/business-news/538547-oil-prices-fall-as-u-s-moves-to-cut-fuel-tax.html

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