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    Oil Prices Drop Due to US- China Trade Deals

    Oil Prices Drop Due to US- China Trade Deals

    Crude oil futures dropped on Friday amid lingering uncertainty on whether or not, and when, the USA and China will agree on a protracted-awaited deal to finish their bitter commerce conflict, the misery compounded by rising crude inventories in the USA. Brent crude, the worldwide benchmark, was down 16 cents, a barrel by 0259 GMT, after gaining 0.9% within the…

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  • Crude Oil
    Oil Declines Ahead of USA'S Will to Discuss Trade with China

    Oil Declines Ahead of USA’S Will to Discuss Trade with China

    Oil slid as President Trump questioned America’s interest in acquiring a key Persian Gulf waterway, adding to the puzzle over the heated confrontation with Iran. Benchmark Brent crude futures up to1.5% whereas US crude stifled an early rally and lost nearly 1%. Trump, in a tweet, asked, “why are we protecting” the Strait of Hormuz, adding: “we don’t even have…

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