U.S. crude oil falls 4% after Trump-China trade flare-up threatens to slow global growth
CNBCยท2025-10-10 16:29
Oil prices were little changed in early Asian trade on Friday after falling more than 1% in the previous session.U.S. crude oil dropped $2.53, or 4.11%, to $58.98 per barrel. Global benchmark Brent was down $2.44, or 3.74%, to $62.78 pre barrel. China-U.S. trade relations were thought to be improving slowly, but this latest setback once again raised concerns higher tariffs may slow the global economy and hurt demand for oil.U.S. crude oil fell 4% on Friday, after President Donald Trump threatened China with ...