Oil Prices Fall as Trade Tensions Ramp Up and Dollar Strengthens - News Summed Up

Oil Prices Fall as Trade Tensions Ramp Up and Dollar Strengthens


Oil prices declined slightly Friday due to a stronger dollar and U.S.-China trade worries but remained on track for a second straight weekly increase, as crude supplies seem to be tightening. Light, sweet crude for October delivery was 0.3% lower at $70.03 a barrel on the New York Mercantile Exchange. Brent crude, the global benchmark, fell 0.2% to $77.90 a barrel.


Source: Wall Street Journal August 31, 2018 10:50 UTC



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