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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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Oil prices fall amid fears of US-China trade war

rocky
rocky
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Posts : 230340
Join date : 2012-12-21

 Oil prices fall amid fears of US-China trade war Empty Oil prices fall amid fears of US-China trade war

Post by rocky Tue 27 Mar 2018, 2:11 am

[size=30]Oil prices fall amid fears of US-China trade war[/size]
27/03/2018 09:29 | Number of readings: 1
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Trend Press / Agencies
LONDON (Reuters) - Brent crude futures and Western Texas Intermediate (WTI) futures fell as global markets were weighed down by fears of an impending US-China trade war.
 
In Asia, Shanghai crude futures opened their trading volumes aggressively as investors and commodity traders bought the latest global oil trading instrument.
 
But the specter of a full-scale trade war between the United States and China casts a shadow over the markets, hurting Asian stocks today.
 
The falls came after US President Donald Trump signed a memorandum last week that could impose tariffs on imports from China worth up to $ 60 billion.
 
Crude oil futures also fell 29 cents, or 0.4 percent, to $ 65.59 a barrel.
 
Brent crude futures were $ 70.23 a barrel, down 22 cents, or 0.3 percent.
 
Shanghai contracts jumped to 447.1 yuan ($ 70.88) a barrel shortly after its launch, then fell to close at 429.9 yuan ($ 68.15).
 
Crude has also come under pressure from a surge in the number of oil drilling plants operating in the United States to a three-year high of 804, signaling further output growth that has already jumped by a quarter since mid-2016 to 10.4 million bpd.


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