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Oil prices fall amid concerns over a trade dispute
12:01 - 09/05/2019
BAGHDAD -
Oil prices fell on Thursday amid fears of a US-China trade spike, and US crude inventories fell unexpectedly.
Brent crude for the year was $ 69.91 a barrel, down 46 cents, or 0.7 percent, from the previous settlement price. Brent contracts earlier fell more than 1 percent.
US West Texas Intermediate crude futures were $ 61.76 a barrel, down 36 cents, or 0.6 percent, after also falling more than 1 percent earlier.
China's trade with the United States has been pressing oil prices since the beginning of the week as rising tensions between the world's two largest economies have clouded global economic prospects.Ending / 25
Oil prices fell on Thursday amid fears of a US-China trade spike, and US crude inventories fell unexpectedly.
Brent crude for the year was $ 69.91 a barrel, down 46 cents, or 0.7 percent, from the previous settlement price. Brent contracts earlier fell more than 1 percent.
US West Texas Intermediate crude futures were $ 61.76 a barrel, down 36 cents, or 0.6 percent, after also falling more than 1 percent earlier.
China's trade with the United States has been pressing oil prices since the beginning of the week as rising tensions between the world's two largest economies have clouded global economic prospects.Ending / 25
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