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NewsBreak: Oil Extends Slide as White House Again Targets China

Published 08/10/2019, 17:02
Updated 08/10/2019, 17:13
© Reuters.
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Investing.com – Oil prices fell almost 1% on Tuesday, extending losses for a second day in a row, after a report that the Trump Administration was moving ahead with efforts to limit capital flows into China and the inclusion of more Chinese firms in a blacklist.

  • U.S. West Texas Intermediate crude was down 48 cents, or 0.9%, at $52.27 per barrel, after a session low at $51.84.

  • U.K. Brent oil was 44 cents, or 0.8%, lower at $57.91.

    • A South China Morning Post report that said China had toned down expectations ahead of high-level trade talks between the two countries that are to resume on Thursday, after being stalled since May. The report said the Chinese delegation could depart Washington a day earlier than scheduled.

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