Oil retreats below $59 as US-China trade hostilities escalate
The US China trade conflict has weighed on the global growth outlook, pushing down oil and riskier assets
Investors are becoming increasingly alarmed about the potential economic fallout from the worsening trade war
Oil resumed declines as an intensification of trade hostilities between the US and China stoked fears of slowing global growth, overshadowing analyst’s forecasts for a drop in American crude inventories.
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