Oil falls on trade fears after Trump tariff threat | Reuters:
Oil prices fell on Wednesday after U.S. President Donald Trump threatened to levy new tariffs on China, deepening a trade dispute that could depress energy demand.
The specter of tariffs on a further $200 billion of Chinese goods sent commodities lower along with stock markets, as tension between the world’s biggest economies intensified.
Benchmark Brent crude LCOc1 was down $1.50 at $77.36 a barrel by 0815 GMT, having fallen as low as $77.21. U.S. light crude CLc1 was down 60 cents at $73.51.
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