Oil Slumps Over 4% on Trade Tensions

by Naharnet Newsdesk 23 May 2019, 18:16

Oil prices slumped more than four percent Thursday on growing trade tensions, which have deepened over the US blackballing Chinese telecom giant Huawei.

Around 1450 GMT, Brent crude was off $2.90 at 68.09 and WTI was down $3.15 at $58.27 -- their lowest level in almost two months.

Source: Agence France Presse

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