Oil Falls as Deepening Trade War Stokes Growth Concerns - Bloomberg:
Oil fell again Monday after its first monthly decline since May as a deepening trade war further stoked fears that fading global economic growth will hurt fuel demand.
Futures sank below $55 a barrel in New York, having lost 5.9% in August. U.S. tariffs on a further $110 billion of Chinese imports took effect on Sunday, and additional Chinese levies on American products -- including oil for the first time -- also kicked in. Oil went as low as $54.34 after people familiar with the matter said officials are struggling to agree on the schedule to continue trade talks.
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