Oil Near Five-Week Low on Trump’s China Tweets - News Summed Up

Oil Near Five-Week Low on Trump’s China Tweets


• Oil prices fell toward a five-week low Monday, dragged down by broader-market selling after President Trump threatened more tariffs on Chinese imports ahead of planned U.S.-China trade talks this week. • West Texas Intermediate futures, the U.S. oil benchmark, was 1.2% lower at $61.19 a barrel on the New York Mercantile Exchange, putting prices on track to end the session at their lowest level since March 29.


Source: Wall Street Journal May 06, 2019 13:41 UTC



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