Oil drops amid rising US crude inventories, Sino-US tariff war
Oil prices dropped over 1% on Wednesday as rising U.S. stockpiles and concern about a new Sino-U.S. trade war fuelled fears of weaker economic growth, offseting U.S. President Donald Trump's renewed push to eliminate Iranian crude exports.
Oil futures edged higher in Asian trading. However, near-term prices for global crude oil are likely to remain capped due to supply risks and potential trade challenges, GivTrade said.
Futures for Canada's main stock index declined on Tuesday as oil prices fell after an escalating trade war between the U.S.
Oil futures put in a mixed performance with Chinese retaliatory tariffs on U.S. LNG and oil pressuring U.S. benchmark crude. WTI settles down 0.6% at $72.70 a barrel, while international benchmark ...
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China’s tariffs on U.S. crude oil fuel bearish sentiment as key support at $70.83 nears. Will oil futures break lower amid ...
(Reuters) - Oil prices rose on Monday after U.S. President Donald Trump imposed tariffs on Canada, Mexico and China, raising ...
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