Oil Steadies as Trade Tensions Continue to Stoke Demand Fears

8/12/2019

Oil is facing global headwinds from the escalation of the trade war, weak macro data and a strong U.S. dollar, say analysts. Traders seem to be waiting for the next round of bad news. WTI Crude is down $.53 to $53.97; Brent is down $.33 to $58.20 this morning.

Source: Bloomberg.com - By: Heesu Lee and Grant Smith - Image: Ali Mohammadi

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