News Oil 

China drops U.S. crude oil from its target list of tariffs

“As China made good on its threat to impose 25% tariffs on $16 billion worth of U.S. imports, one big-ticket item originally on its hit list was conspicuously missing: crude oil” writes Chuin-wei Yap for Oil had been one of a slate of targets China listed in June for tariffs to counter those the Trump administration threatened on Chinese imports.China depends on imports for 70% of its energy needs, and the International Energy Agency forecasts that will climb to 80% by 2040.But oil was off Wednesday’s final list.

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