Prices fell 2.3% to US$62.06 Friday, the lowest close since March 19. Total volume traded was about 15% above the 100-day average.Brent for June settlement was up 24 cents to US$67.35 a barrel on the London-based ICE Futures Europe exchange. The global benchmark crude traded at a US$5.08 premium to June WTI.Futures for September delivery were little changed at 402.3 yuan a barrel on the Shanghai International Energy Exchange. The exchange was closed Thursday and Friday for Chinese holidays.In the U.S., President Trump ordered a review of tariffs on another US$100bil of imports from China, bringing the total to US$150bil of Chinese goods under consideration. Longs fell 7.4% as funds shed the largest number of bullish bets in almost a year, while shorts jumped the most since August.

Source: The Star April 09, 2018 08:03 UTC