Because of Washington and Beijing .. Oil falls



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Brent was down 42 cents, or 0.7%, to 58.83 dollars a barrel at 00:41 GMT.

He fell American ore WTI rose 27 cents, or 0.5 percent, to $ 54.83 a barrel.

The administration of US President Donald Trump has begun to impose a 15% duty on Chinese imports worth more than $ 125 billion, including smartphones, Bluetooth headsets and many types shoes.

In response, I proceeded China By charging for some American goods On a list of targets of 75 billion dollars.

Trump said the two sides would meet for talks this month.

Stephen Ines, market strategist at AxiTrader, said, "Trade and tariffs are inevitable on the oil markets, so if trade uncertainties persist, it will be difficult for oil to abandon its concerns about the threat on world demand. "

A Reuters survey showed that production by the Organization of the Petroleum Exporting Countries (OPEC) increased in August for the first month of this year due to increased production from Iraq and Nigeria due to restrictions imposed by Saudi Arabia and oil losses caused by US sanctions imposed on Iran.

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Brent was down 42 cents, or 0.7%, to 58.83 dollars a barrel at 00:41 GMT.

WTI (West West Texas Intermediate) crude sold 27 cents, or 0.5%, at $ 54.83 per barrel.

The administration of US President Donald Trump has begun to impose a 15% duty on Chinese imports worth more than $ 125 billion, including smartphones, Bluetooth headsets and many types shoes.

In response, China has begun to charge duties on some US products on a $ 75 billion target list.

Trump said the two sides would meet for talks this month.

"Trade and tariffs are inevitable on the oil markets, and if trade uncertainties persist, it will be difficult for oil to abandon its concerns about the threat to global demand," said Stephen Ines, strategist market at AxiTrader.

A Reuters survey showed that production by the Organization of the Petroleum Exporting Countries (OPEC) increased in August for the first month of this year due to increased production from Iraq and Nigeria due to restrictions imposed by Saudi Arabia and oil losses caused by US sanctions imposed on Iran.

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