[ad_1]
Oil prices fluctuated on Friday in a tense market with the United States applying a series of tariffs on Chinese products, which could prompt Beijing to respond with similar charges that may include US crude imports.
Oil prices fell during Friday's first trades, as stock markets plummeted.
Around 0528 GMT, the West Texas crude futures contract, the US broker, rose 13 cents. %, From previous adjustment to $ 73.07 per barrel.
The US-China trade dispute eclipses the oil markets.
Washington imposes tariffs on Chinese goods from 0401 hours
China said it would respond to cartoons, and major Chinese ports have already evacuated goods from the United States , according to several sources.
As part of the retaliation, Beijing threatened to impose a 25% tariff on crude oil imports into the United States, although no date has been set.
The United States to China about 400,000 barrels a day worth up to a billion dollars a month at current prices. The imposition of tariffs on them would lose the competitiveness of US crude oil in China.
Source link
