Oil tumbles on slowing Chinese demand, U.S.-China trade spat | Reuters

Oil tumbles on slowing Chinese demand, U.S.-China trade spat | Reuters:

Oil prices slid about 3 percent on Wednesday as a trade dispute between the United States and China escalated further and after Chinese import data showed a slowdown in energy demand.

Brent crude LCOc1 futures fell $2.37 to settle at $72.28 a barrel, a 3.17 percent loss.

U.S. West Texas Intermediate (WTI) crude CLc1 futures fell $2.23 to settle at $66.94 a barrel, a 3.22 percent loss. The session low of $66.32 was the lowest since June 22.