Tuesday, May 14, 2019

Oil Retreats as Chinese Tariffs Escalate Trade Battle With U.S.

Oil Retreats as Chinese Tariffs Escalate Trade Battle With U.S.Futures in New York fell 1%, joining a rout for equity markets. China announced higher tariffs on a range of American goods Monday, responding to new levies promised by the Trump administration after talks ended on Friday without a deal. West Texas Intermediate for June delivery sank 62 cents to $61.04 on the New York Mercantile Exchange at the close of trading, after earlier rising 2.7%.




from Yahoo News - Latest News & Headlines https://yhoo.it/2Ehm58r

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