Friday 14 September 2018

Oil mixed as China tariff talk scotches early rally | Reuters

Oil mixed as China tariff talk scotches early rally | Reuters:

Oil prices pulled back on Friday amid concerns additional U.S. tariffs would be placed on China, trading mixed after a rally triggered by worries of more sanctions on Iran.

Crude futures were on track to end the week up about 1.6 percent.

Traders said a rally on Friday was sparked by reports Secretary of State Michael Pompeo was going to give a press conference on new sanctions on Iran.

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