A big international trade is conducted in cooking oil. But this isn't about the oil you put into your kitchen fryer. ...

Oil prices wiped out earlier gains to dip by more than 2% in early U.S. trade on Tuesday amid renewed concerns that the trade war between the United States and China could slow global economy. As of 7:21 a.m. EDT on Tuesday, the U.S. benchmark, WTI Crude, fell to the $58 per barrel threshold, down by 2.30% on the day at $58.12. WTI Price The international benchmark, Brent Crude, was trading below the $62 a barrel mark, and was down by 2.181% at $61.94. Brent Price Oil had stabilized in early Asian tra ...