Oil prices were edging lower in early trade amid U.S. President Donald Trump's call for OPEC to cut prices and swift trade moves rattling markets. Brent crude and WTI were both down 0.2% to $77.39 and $74.

Crude prices dropped over 1 percent on Monday as US President Donald Trump's fresh tariff threats and demands for lower oil prices weighed on global markets.

Today, reporter Robert Tuttle looks at the close integration of US-Canadian oil markets and what that means for Donald Trump’s tariff plans. Among US President Donald Trump’s flurry of threats during his first week in office was a vow to impose 25% tariffs on imports from Canada.

Oil prices slipped on Monday after U.S. President Trump called on OPEC to reduce prices following the announcement of wide-ranging measures to boost U.S. oil and gas output in his first week in office.