Crude oil edged lower Wednesday after President Trump expanded his tariff threats to include a 10% levy on China and the European Union - two of the world's top energy markets - following his plans to impose tariffs as high as 25% on goods from Canada and Mexico - which are major crude suppliers to the U.S.

U.S. crude oil was down $1.47, or 1.89%, to $76.41 per barrel by 12:06 p.m. ET, while global benchmark Brent fell 78 cents, or 0.97%, to $79.37 per barrel. Trump said after his in

Oil prices fell on Tuesday after U.S. President Donald Trump declared a national energy emergency on his first day in office, raising concerns of higher U.S. output in a market widely expected to be oversupplied this year.