Oil is declining and Brent records 1.1 percent with the escalation of customs duties

Oil prices fell by 1%, today, Thursday, with US President Donald Trump escalating his trade war with China, despite announcing the suspension of customs duties application to other countries for 90 days.

Brent crude futures decreased by 73 cents, or 1.1 percent, to record $ 64.73 a barrel.

The US West Texas Intermediate crude futures decreased 49 cents, or 0.8 percent, to $ 61.86.