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Oil prices slide as U.S.-China trade war escalates

Oil prices fell on Friday after China unveiled retaliatory tariffs against about $75 billion worth of U.S. goods including crude oil, another escalation of a protracted trade dispute between the world's two largest economies.

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Commodity Futures

Energy Metals Agriculture Livestock
COMMODITY LAST CHANGE % CHANGE EXP DATE TIME
NYMEX Crude Oil »
53.87 USD
-1.48
-2.75% Sep 19 4:32pm EDT
ICE Brent Crude »
59.10 USD
-0.82
-1.39% Aug 19 4:31pm EDT
NYMEX RBOB Gasoline »
1.64 USD
-0.02
-1.49% Aug 19 4:31pm EDT
Dubai Crude Spot »
58.33 USD
-1.30
-2.23% Dec 02 4:42pm EDT
ICE Gas Oil »
556.25 USD
-8.75
-1.57% Sep 19 4:29pm EDT
NYMEX No2 Heating Oil »
1.81 USD
-0.03
-1.71% Aug 19 4:30pm EDT
NYMEX Nat Gas »
2.16 USD
+0.00
+0.14% Aug 19 4:32pm EDT
ICE NBP Nat Gas »
29.50 GBP
-1.13
-3.83% Aug 19 11:51am EDT

More Commodity News

Oil spills into U.S.-China trade war, prices slump

China on Friday said it would impose tariffs on U.S. crude oil imports for the first time, sending prices down nearly 4% to two-week lows as the escalating bilateral trade war fed worries over a slowdown in global oil demand.

China to impose extra tariffs on U.S. soy, beef and pork

China said on Friday it will impose an extra 5% tariff on U.S. soybeans from Sept 1, and additional 10% duties on U.S. wheat, corn and sorghum from Dec. 15, in Beijing's latest retaliatory trade measures https://ckcp.leggo.today/article/us-usa-trade-china/china-strikes-back-in-trade-dispute-with-u-s-with-new-tariffs-idUSKCN1VD1AJ against Washington.

Citgo profits hit following split, CEO sees 2H improvement

The two new top executives at Citgo Petroleum PDVSAC.UL disclosed this week that net income in the second quarter slid to less than half its level a year earlier, hit by a broad slump for the refining industry as well as complications from U.S. sanctions on Venezuela and Citgo's split with state-run oil company PDVSA.

Key Benchmarks

INDEX LAST CHANGE
Thomson Reuters CCI
.TRCCI
375.59 USD
4:42pm EDT
-2.75
(-0.73%)
Baltic Dry Index
.BADI
2,118.00 USD
8:10am EDT
+0.00
(+0.00%)
S&P GSCI
.SPGSCITR
2,329.15 USD
3:26pm EDT
-27.23
(-1.16%)

Markets

S&P » 2,847.11 -2.59%
Dow » 25,628.90 -2.37%
FTSE 100 » 7,094.98 -0.47%
Nikkei 225 » 20,710.91 +0.40%
US 10YR
+1.518
-0.092
DE 10YR
-0.678
-0.006
JP 10YR
-0.234
+0.000
USD / EUR » 0.8977 -0.52%
USD / GBP » 0.8142 -0.23%
USD / JPY » 105.4300 -0.93%