Oil picks up after falling on US products on Chinese products



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Oil prices rose nearly 2 percent on Friday after the largest losses in years when US President Donald Trump imposed more tariffs on imports from China, triggering a trade war between the two countries. two largest economies and the world's consumers.

Brent crude futures fell more than 7% on Thursday, their biggest decline in more than three years.

West Texas Intermediate crude futures fell by nearly 8%, posting the worst daily performance in more than four years.

This plunge has put an end to a fragile recovery driven by a steady decline in US stocks, although global demand seems to be shaken by the trade dispute.

Trump announced Thursday that it would impose a 10% charge on Chinese imports, worth $ 300 billion as of September 1, and that these taxes could increase further if Chinese President Xi Jinping did not act faster to reach a trade agreement.

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