WTI Oil Falls to Four-Year Low as Escalating Trade War Further Sours Sentiment

WTI oil spiked to new low on Wednesday ($56.70, the lowest since January 2021), as deteriorating global economic outlook continues to deflate oil prices. The latest package of US import tariffs on China goods (104%) further fueled global uncertainty over a clash between two largest world economies and biggest oil consumers. Oil price is in […]

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