Oil Prices Weaken as the U.S.-China Phase One Deal Arises
In recent times, oil prices plunged based on fears that the pending Phase 1 trade deal between the United States and China may perhaps not push demand. Moreover, the U.S. intends to maintain tariffs on Chinese goods until the second phase. In a statement, U.S. Treasury Secretary Steven Mnuchin said last Tuesday that tariffs on …
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