Oil prices regain early hefty losses due to Trump’s tariff promise
After their biggest falls in years, Brent and WTI regain ground as the economic slowdown translates into falling oil demand in the US
02 August 2019 - 12:26
London — Oil prices rose about 2% on Friday, regaining ground after their biggest falls in years on US President Donald Trump’s decision to impose more tariffs on Chinese imports.
The move, due to take effect on September 1, will intensify a trade war between the world’s top two economies and crude consumers that has disrupted global supply chains and roiled financial markets...
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