You are here: Home » Reuters » News
Business Standard

Brent oil falls more than $2 after Trump tariff threat, Libya ports reopen

Reuters  |  LONDON 

By Christopher JohnsonLONDON (Reuters) - Global oil benchmark Brent fell more than $2 a barrel on Wednesday after U.S. President Donald Trump threatened to levy new tariffs on China and Libya announced the reopening of key oil export terminals.The spectre of tariffs on a further $200 billion of Chinese goods sent commodities lower along with stock markets, as tension between the world's biggest economies intensified.Brent crude fell $2.06, or 2.61 percent, to a low of $76.80 before recovering slightly to $76.86, down $2.00, by 0945 GMT.U.S. light crude, supported by a tight North American ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, July 11 2018. 15:46 IST
RECOMMENDED FOR YOU