Oil Prices Sink as Trade Tensions Limit Investors’ Appetite for Risk - News Summed Up

Oil Prices Sink as Trade Tensions Limit Investors’ Appetite for Risk


Oil prices sank Wednesday as investors’ risk appetite was hampered by trade tensions that could limit demand. Crude tracked losses in global markets after the U.S. and China dispute appeared to move further from resolution. Brent crude, the global oil benchmark, was down 1.9% at $67.39 on London’s ICE Futures exchange. On the New York Mercantile Exchange, West Texas Intermediate futures were trading down 2% at $57.93 a barrel. “Equities...


Source: Wall Street Journal May 29, 2019 11:34 UTC



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