Doha: Oil prices edged lower on Monday, pressured by signs of higher production and concerns over the impact of US tariffs on demand. Brent crude futures fell 12 cents, or 0.18%, to reach $67.36 per barrel, while US West Texas Intermediate (WTI) crude dropped 13 cents, or 0.2%, to $63.88 per barrel.

According to Qatar News Agency, the dip in oil prices reflects ongoing market anxieties about increasing output levels and the potential economic repercussions of US tariffs. The fears surrounding tariffs could potentially dampen global demand, adding to the downward pressure on oil prices. Industry analysts are closely monitoring these developments, as they could significantly influence market dynamics in the coming weeks.