Oil falls US output expected to grow

The prices of oil futures tumbled on Tuesday following United States President Donald Trump’s inauguration. After officially returning to the White House, the US head of state vowed to increase the production of oil and gas in the country. In order to achieve his “Drill, baby, drill” goals, Trump imposed a national energy emergency. West Texas Intermediate for March deliveries declined going for $76.40 per barrel. Brent for the same month’s settlements fell selling at $79.18 a barrel.