Tuesday 7 May 2019

Oil mixed as U.S.-China trade war drags on prices, while sanctions keep markets tense - Reuters

Oil mixed as U.S.-China trade war drags on prices, while sanctions keep markets tense - Reuters:

Oil prices were mixed on Tuesday, pressured by concerns that the escalating Sino-U.S. trade dispute could slow the global economy, while U.S. sanctions on crude exporters Iran and Venezuela helped keep the market on edge.

Brent crude oil futures were at $71.12 per barrel at 0710 GMT, 12 cents, or 0.2 percent, below their last close.

U.S. West Texas Intermediate (WTI) crude futures were at $62.30 per barrel, 5 cents above their last settlement.

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