Oil Prices Remain Under Pressure From Trade War Fears ...Middle East

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Oil Prices Remain Under Pressure From Trade War Fears
source : OILPRICE ( Middle East ) () 66
Crude oil prices were set to end the week with a third consecutive decline as worry about the effect of Trump’s tariffs and China’s retaliation to them dragged benchmarks down. At the time of writing, oil was slightly up from Thursday, with Brent crude at $74.69 a barrel and West Texas Intermediate at $70.92 per barrel, but both were lower than they were on Monday, by over 2%. The slide in prices followed the introduction of a 10% tariff on all Chinese imports into the United States, which prompted China to respond in kind, slapping…

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