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The tension was introduced in Middle East Some price support, with the holding of the Iranian tanker said that there is oil smuggling, according to Reuters quoted.
London Brent crude
Reference crude fell by more than 2% and US crude by around 1%.
Goldman Sachs said in a research report "The demand for oil is disappointing in 2019 due to weak economic activity, bad weather and trade tensions".
He said TrumpLast week, it would impose a 10% tax on Chinese imports, worth $ 300 billion.
Trump advertising extends the reach US fees To include almost all Chinese imports.
On Friday, China promised to respond to Trump 's decision, which ended a one – month trade truce.
The trade war is affecting economic growth, leading to reduced demand for commodities such as oil.
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Tension in the Middle East has supported prices, with Iran holding a tanker that is said to be carrying oil, Reuters reported.
London Brent crude
Reference crude fell by more than 2% and US crude by around 1%.
"The demand for oil is disappointing in 2019 due to the weakness of economic activity, weather conditions and inappropriate trade tensions," said Goldman Sachs in a research report.
Last week, Trump announced that it would charge 10% of the $ 300 billion in Chinese imports and it could increase fees if Chinese President Xi Jinping did not act faster to achieve a trade agreement between the two countries.
Trump extends the range of US taxes to almost all Chinese imports.
On Friday, China promised to respond to Trump 's decision, which ended a one – month trade truce.
The trade war is affecting economic growth, leading to reduced demand for commodities such as oil.
