Oil prices little changed as market awaits impact of US tariffs on India
Oil prices were little changed on Wednesday, after falling in the previous session, as the market awaits massive new U.S. tariffs on India, the world’s third-largest crude consumer, in response to its purchases of Russian supply.
The U.S. is set to impose additional tariffs of 25% on Indian exports at 12:01 a.m. EDT (0401 GMT) on Wednesday, taking them to 50% overall and among the highest levied by Washington.
