Oil continues slide amid trade uncertainty

Monday, 18. November 2019 17:23

Oil traded lower on Monday, continuing to decline amid rising trade uncertainty. Earlier it was reported that China is "pessimistic" regarding a trade deal with the United States after President Donald Trump announced he hadn't agreed to roll back tariffs on Chinese goods.

Brent futures for January settlement dropped 1.74% to $62.19 per barrel at 11:08 am ET, while West Texas Intermediate for December delivery lost 1.56% to $56.90 a barrel.

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Author:
Breaking the News / JC