Oil slips as trade dispute outweighs U.S. stock decline | Reuters:
Oil prices slipped on Thursday as an escalating trade dispute between the United States and China outweighed the bullish impact of a decline in U.S. commercial crude inventories.
Benchmark Brent crude oil LCOc1 was down 30 cents a barrel at $74.48 by 0825 GMT. U.S. light crude CLc1 was 10 cents lower at $67.76.
The trade dispute between the United States and China deepened on Thursday with the imposition of 25 percent tariffs on $16 billion worth of each other’s goods.
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