News > US May Stop Taxing Petrol For 3 Months
US May Stop Taxing Petrol For 3 Months
CNBC TV18 | 22/06/2022 05:06 PM | Click to read full article
Oil prices tumbled on Wednesday as news of Biden's push to cut taxes amid aggravated relations between the White House and the US oil industry was factored in.
Brent crude futures were down USD 4.65, or 4.1 percent, at USD 110 a barrel while US West Texas Intermediate (WTI) futures fell USD 5.08, or 4.6 percent, to USD 104.44 on Wednesday.
