NEWS RELEASED BY TRADEMAXINDIA.COM (8218995526)

OIL PRICES REBOUND AFTER PLUNGING ALMOST 7% ON TRUMP TWEETS FORS MORE CHINA TARIFFS….@

Oil prices rebounded on Friday in Asia after plunging more than 7% on U.S. Donald Trumps’ overnight tweet for more tariffs on Chinese goods.

U.S. Crude Oil WTI Futures rose 2% to $55.05 by 12:30 AM ET (04:30 GMT). International Brent Oil Futures gained 2.5% to $62.02.

Overnight, Trump said his administration will on Sept. 1 be putting a “small additional tariff of 10%” on the remaining $300 billion of goods and products coming in from China.

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