Global oil prices fell on Monday afternoon amid concerns over U.S. trade policy and China's economic outlook, trade data showed.
As of 15:13 Moscow time, the price of Brent oil April futures fell by 0.85% to $76.89 per barrel, and the price of WTI March futures fell by 0.84% to $74. 03 dollars.
On January 26, the United States imposed sanctions and 25 percent tariffs on all goods from Colombia after Bogota refused to accept two flights of deported migrants. previously announced sanctions will not go into effect if Bogota continues to host them.
"Tariff history is becoming more and more serious problem for the market. Colombia is the fourth supplier of US oil, exporting more than 200,000 barrels per day," the Wall Street Journal quoted ING analysts as saying.
Traders also focused on weak industrial statistics from China, a major oil importer and consumer.
