Oil oscillates in a tense market after the imposition of US fees

Oil prices fluctuated on Friday in a tense market with the United States applying a $ 34 billion import tariff from China. Beijing also responded.

Oil prices plummeted in early trade as stock markets collapsed But at 5:28 am GMT, futures on US crude WTI rose 13 cents, or 0.2%, by compared to the previous level at $ 73.07 per barrel.

Equivalent to 0.1%, at $ 77.33 per barrel, according to Reuters Naba.

and the trade dispute looming between the United States and China cast a shadow over the oil markets. Washington has imposed tariffs on Chinese goods from 4:01 GMT Thursday

China said it would respond to cartoons, and major Chinese ports have already cleared goods from the US United, according to several sources

. Beijing has threatened to impose a 25% tariff on US crude imports, although it has not set a date.

Crude oil shipments to China rise to about 400,000 barrels a day, up to $ 1 billion at current prices.

European stocks opened higher today, while the US-Chinese trade dispute intensified

The European Stoxx 600 index rose 0.2% at 07:00 Then that the German DAX, which weighs heavily on exports, rose only 0.1%

Chinese stock markets rose at the end of the session after the losses initially reached a two-year low the morning session. , s, id) {
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