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Saraya – Oil prices dipped by more than 8% in trade Thursday after US President Donald Trump announced that he would impose an additional 10% customs duty on Chinese goods valued at $ 300. billions of dollars from early September.
The long trade war between the world's two largest economies has raised concerns about demand for oil.
US crude dropped $ 4.88, or 8.45%, to $ 53.64 per barrel at 18:10 GMT. Brent futures fell 7.66% to 60.09 dollars a barrel.
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