FOX LIVE NEWS UPDATE
UPDATE 1-Oil prices drop as escalating U.S.-China trade war clouds demand outlook
Sept 18 (Reuters) – Oil markets fell on Tuesday as the latest escalation in the Sino-U.S. trade war clouded the outlook for crude demand from the two countries, which are the world’s top two oil consumers.
Brent crude LCOc1 futures dropped 44 cents, or 0.6 percent, to $77.61 per barrel by 0424 GMT.
U.S. West Texas Intermediate (WTI) crude CLc1 was down 28 cents, or 0.4 percent, to $68.62 per barrel.
U.S. President Donald Trump on Monday said he would impose 10 percent tariffs on about $200 billion worth of Chinese imports. growing trade dispute has hurt trading sentiment. The impact on economic growth is slowly dripping in, which again hurts oil prices,” Wang Xiao, head of crude research at Guotai Junan Futures, said on Tuesday.
8630880151 /7409740444
For Join Call Now:-
www.FoxCommodities.Co