<ul data-eligibleForWebStory="false"><li>Crude oil prices saw a decline with Brent oil futures at $68.87 and WTI futures at $66.59 on Tuesday, both down by around 0.5%.</li><li>President Trump issued a 50-day deadline to Russia for a Ukraine ceasefire, threatening sanctions on Russian export buyers if no agreement is reached.</li><li>Market reaction included a 1.6% drop in ICE Brent prices despite Trump's statement, as doubts lingered on the enforcement of the imposed tariffs.</li><li>The global oil market could face a deficit if tariffs are implemented, exerting upward pressure on oil prices, though doubts exist on whether Trump would execute these sanctions.</li></ul>

Crude oil prices fall as Trump issues 50-day deadline to Russia for Ukraine ceasefire

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