Reported about 7 hours ago
Oil prices fell on Wednesday amid increasing crude inventories in the U.S. and concerns over a potential Sino-U.S. trade war, overshadowing President Trump's efforts to curb Iranian oil exports. Brent crude dropped to $75.99 per barrel while WTI fell to $72.59. Rising stockpiles highlight weakness in consumption, raising investor concerns about the impact of tariffs on global economic and energy demand. Analysts note that despite China's tariffs on U.S. energy imports, the overall supply and demand will remain unaffected as both countries can find other markets.
Source: YAHOO