Oil Steadies After Friday’s Falls, But Trade Dispute Between China, US Weighs

Oil markets stabilised on Monday after slumping around 2 percent last Friday on the back of concerns of an intensifying trade dispute between the United States and China, as well as increased U.S. drilling activity. U.S. WTI crude futures were at $62.24 a barrel, up 18 cents, or 0.3 percent, from their previous settlement.
Brent crude futures were at $67.33 per barrel, up 22 cents, or 0.3 percent. Oil prices fell about 2 percent on Friday after U.S. President Donald Trump threatened new tariffs on China, reigniting fears of a trade war between the world’s two largest economies that could hurt global growth. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774