Markets News Oil 

Oil dips as US-China trade dispute expected to stall economic growth

“Front-month Brent crude oil futures were at $71.89 per barrel at 0118 GMT, down 18 cents, or 0.25 percent, from their last close” writes unknown author for cnbc.com. Oil prices fell on Friday, pulled down by concerns that the escalating trade dispute between the United States and China would stall economic growth and fuel demand.Along with oil, Asian stock markets also fell on Friday amid heightened global trade tensions, as the world’s two biggest economies threaten ever more tariffs on each other’s products.U.S. West Texas Intermediate (WTI) crude futures were down 10 cents, or 0.15 percent, at $66.71 per barrel.Crucially to oil markets, however, crude has been dropped off the list.
 
Source: cnbc.com



Share This:

Related posts