Oil prices slump after Trump's tariff threat against China - Reuters

Oil prices slump after Trump's tariff threat against China - Reuters:

Oil prices tumbled on Monday after U.S. President Donald Trump said he would sharply raise tariffs on Chinese goods this week, risking the derailment of trade talks between the world’s two biggest economies.

U.S. West Texas Intermediate (WTI) crude futures were at $60.83 per barrel at 0832 GMT, down $1.11. WTI hit $60.04 earlier in the session, its lowest since March 29.

Brent crude futures were at $69.78 per barrel, down $1.07. Brent earlier hit its lowest since April 2 at $68.79.