Oil rebounds slightly but Brent remains low on US-China tensions
Brent crude prices have lost more than 9% in the past week as Donald Trump vows more tariffs
London — Oil prices rebounded slightly on Tuesday from big falls in recent sessions, but Brent crude remained near seven-month lows about $60 a barrel due to escalating trade tensions between China and the US.
Brent prices have lost more than 9% in the past week, with US President Donald Trump vowing to impose new tariffs on Chinese imports, and China making further moves against US agricultural cargoes. The US also responded to a decline in China’s yuan on Monday by branding the country a currency manipulator...