Crude treads water as traders weigh geopolitical risks against trade war
Dimmer global economic outlook dampens traders’ appetite for risk
08 July 2019 - 07:41
Tokyo — Crude prices were little changed on Monday as traders weighed geopolitical risks against the impact of the Sino-US trade war on the global economy, although last week’s better-than-expected US jobs data offered some support.
Brent crude futures were down 3c by noon (5am SA time) at $64.20. US West Texas Intermediate (WTI) was up 6c at $57.57 a barrel...
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