Oil rebounds after tariff-induced plunge
Oil prices climb more than 2% on Friday after US President Donald Trump imposed more tariffs on Chinese imports
02 August 2019 - 08:08
Tokyo – Oil prices rose more than 2% on Friday, rebounding from their biggest falls in years after US President Donald Trump imposed more tariffs on Chinese imports, intensifying the trade war between the world’s two biggest economies and crude consumers.
Brent crude futures slumped more than 7% on Thursday, their steepest drop in more than three years. US West Texas Intermediate (WTI) crude futures fell nearly 8%, posting its worst day in more than four years,..
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