Intensifying trade war takes its toll on oil
China’s levy on US crude marks the first time the fuel has been targeted since the world’s two largest economies started their trade war more than a year ago
02 September 2019 - 08:16
Tokyo — Oil prices were lower on Monday after new tariffs imposed by the US and China came into force, raising concerns about a further hit to global growth and demand for crude.
Brent crude was down 27 cents, or 0.5%, at $58.98 a barrel in early-morning trading, while US oil was down 2c at $55.083 a barrel...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.