[ad_1]
NEW YORK (Reuters) – Oil prices fell on Monday as new tariffs imposed by the United States and China came into force, fueling fears of further damage to global economic growth and economic growth. Gross demand.
Brent crude futures dropped 59 cents to $ 58.66 a barrel, after falling to $ 58.10 during the day.
WTI (West West Texas Intermediate) crude sold 33 cents to $ 54.77 per barrel.
The United States began charging 15 percent of taxes on various Chinese products – shoes, smart watches and televisions – as China imposed new rights on US crude, the latest escalation of their trade war.
"Although President Trump has made it clear that planned US-China talks will continue, 11 markets are preparing for a protracted confrontation between the two countries and will turn to central bank liquidity facilitation to strengthen risk appetite, "said Harry Schillingorian of BNP Paribas.
Beijing has imposed a 5% tariff on US crude. This is the first time that fuel has been used since the world's two largest economies embarked on a trade war in more than a year.
[ad_2]
Source link
