Oil is recovering from the biggest loss I have had in years
13:15 - 02/08/2019
Information / Baghdad ..
Oil prices rose nearly 2 percent on Friday, recovering after the biggest losses in years as US President Donald Trump imposed more tariffs on Chinese imports in the latest commercial war between the two countries.
The rise or recovery in oil prices came after Brent crude futures fell more than 7 percent on Thursday, its biggest drop in more than three years.
US WTI crude futures fell nearly 8 percent, their worst daily performance in more than four years.
The decline put an end to a fragile rally driven by a steady decline in US stocks, although global demand seems to be shaken by the trade dispute.