Oil Under Pressure as China-U. S. Trade Battle Escalates
Friday, 6 April 2018 19:05 WIB | ENERGY |Minyak WTIbrent oilOil,Crude Oil

Oil futures traded lower early Friday as a trade dispute between the Washington and Beijing ratcheted higher following President Donald Trump™s call to add to the amount of tariffs on imports out of China.

On the New York Mercantile Exchange, West Texas Intermediate futures the U.S. benchmark, fell 43 cents, or 0.7%, at $63.11 a barrel, while Brent crude the global benchmark, retreated 41 cents, or 0.6%, at $67.92 a barrel on London™s Intercontinental Exchange.

Crude prices had fallen to two-week lows until rebounding modestly on Thursday as trade tensions between the world™s largest economies appeared to moderate somewhat.

Source : Marketwatch

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