Oil held a four-day drop as investors looked beyond a threat from President Donald Trump to impose secondary tariffs on buyers of Russian energy, while US data pointed to softer conditions in the largest economy.
Brent traded below $68 a barrel after losing almost 8% over four sessions, while West Texas Intermediate was near $65. Trump suggested he would impose increased tariffs on countries buying oil from Moscow — possibly including China — after saying he would soon raise levies on India.