Oil prices fall due to plan to increase oil production in the US, postponement of tariffs By Reuters

BEIJING (Reuters) – U.S. oil prices fell more than $1 a barrel in early Asian trading on Tuesday from Friday’s close after President Donald Trump took office and announced a plan to maximize U.S. oil and gas production by declaring a national emergency.

The most actively traded March WTI crude contract was down $1.02 at $76.37 a barrel by 23:56 GMT on Monday.

There was no settlement in the US market for January 20 due to the Martin Luther King holiday.