Oil mixed as U.S.-China trade war drags on prices, while sanctions keep markets tense
Tuesday, 7 May 2019 18:24 WIB | ENERGY |Minyak WTIMinyak MentahMinyak Brent

Oil prices were mixed on Tuesday, pressured by concerns that the escalating Sino-U.S. trade dispute could slow the global economy, while U.S. sanctions on crude exporters Iran and Venezuela helped keep the market on edge.

Brent crude oil futures were at $71.12 per barrel at 07:10 GMT, 12 cents, or 0.2 percent, below their last close.

U.S. West Texas Intermediate (WTI) crude futures were at $62.30 per barrel, 5 cents above their last settlement.

Traders said prices were weighed down by worries that the stalling trade talks between the United States and China would dent global economic growth as well as fuel consumption.

Source : Reuters

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