Oil is recovering from its biggest loss in years



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This rise or recovery in oil prices comes after crude futures for the global benchmark Brent Fell more than 7% Thursday, its largest decline in more than three years.

Crude prices also fell West Texas The US futures broker, close to 8%, recorded 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.

Brent rose $ 1.21 or 2% to settle at $ 61.71 per barrel at 06:57 GMT, while US crude oil futures advanced 87 cents, or 1.6% at $ 54.82 a barrel. "Reuters".

He said Trump Thursday, it would impose a 10% load on imports from China to the tune of $ 300 billion.

The fees could rise if Chinese President Xi Jinping did not act faster to reach a trade agreement.

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The rise or rebound in oil prices came after the more than 7% decline in Brent crude futures, the largest decline in more than three years.

US WTI crude futures fell by nearly 8%, their worst daily performance in over 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.

Brent crude advanced $ 1.21 or 2% to settle at $ 61.71 per barrel, while the US crude oil futures price rose 87 cents, or 1.6%, to $ 54.82 a barrel, according to Reuters.

Trump announced Thursday that it would impose a 10% charge on Chinese imports, worth $ 300 billion as of September 1st.

The fees could rise if Chinese President Xi Jinping did not act faster to reach a trade agreement.

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