Oil Prices Rebound on China Tariff Delay

Crude oil prices rebounded today, after dipping on Monday, following the news that the U.S. will delay the imposition of tariffs on China by 90 days as negotiations continue. At the time of writing, Brent crude was trading at $66.98 per barrel, with West Texas Intermediate at $64.25 per barrel. Oil prices have shed a cumulative 10% since the start of the year, Bloomberg said in a report on Monday. The delay of the tariffs apparently gave oil traders reason to hope that the trade spat could be resolved without too much pain for the world’s…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com