Oil prices fall on trade war concerns

Oil prices fall on trade war concerns

21 May 2019 11:55 AM
 
Oil prices dipped on Tuesday on concerns that a prolonged trade war between Washington and Beijing could lead to a global economic slowdown. But the losses were checked by escalating U.S.-Iran tensions and amid expectations that producer club OPEC will continue to withhold supply this year. Brent crude futures, the international benchmark for oil prices, were at $72.25 per barrel, up 0.39% from their last close. U.S. West Texas Intermediate (WTI) crude futures were up 0.39% at $63.41 per barrel.

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