Oil retreats as US-China trade war escalates

Oil prices set to drop for a second week over U.S.-China trade war

Brent crude futures were down 25 cents on the day at $63.08 a barrel by 1312 GMT, while U.S. West Texas Intermediate crude fell 30 cents to $59.77

Oil Prices Are on Course for Another Weekly Slump

Crude oil prices were on track to book their second consecutive weekly loss as markets reel from Trump’s tariff offensive, although they stabilized somewhat after the U.S. president announced a 90-day pause on the levies. At the time of writing, Brent crude was trading at $63.01 per barrel, with West Texas Intermediate at $59.74 per barrel. The weekly change in the prices is not very radical, compared with last week’s drop, thanks to the pause t…

Oil Rebounds at End of Losing Week as Trade War Roils Markets

Oil rebounded on Friday, but still notched its second straight weekly decline as the escalating trade war between the world’s two largest economies drove wild volat…

Oil fell sharply on Thursday, weighed down by the confirmation that US additional tariffs on Chinese products already reached 145%, throwing down some of the hopes of a de-escalation in the trade war launched by President Donald Trump.The price of North Sea Brent crude barrel, for delivery in June, dropped by 3.28%, to $63.33. Its US equivalent, the West Texas Intermediate barrel, for delivery in May, dropped by 3.66%, to $60.77.

E-commerce as trade war front

As the trade war between the United States and China intensifies, Southeast Asia's e-commerce platforms are emerging as a new battleground in the global economic conflict, an expert warned.

What’s at Stake as Trump Escalates US-China Trade War

Tit-for-tat tariffs have deepened the rift between the world’s largest economies