Oil Falls to Four-Month Low as Trump Trade Policy Jolts Markets –

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Oil Falls to Four-Month Low as Trump Trade Policy Jolts Markets –

China struck a combative tone in a white paper released Sunday, blaming the U.S. for the collapse in trade talks and saying it won’t be pressured into concessions. Oil has now fallen around 20% from late April, wiping out about half of its rally in the earlier part of the year, mainly due the increasingly fraught global trade environment along with record-high American crude production. While a tense situation in the Middle East has been supporting prices somewhat, the White House indicated over the weekend that it would be willing to negotiate with Iran without preconditions.

– June 2, 2019 at 10:29PM

John Jason Fallows

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