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Oil down China tariffs, expected OPEC supply rise

Reuters  |  LONDON 

By Christopher JohnsonLONDON (Reuters) - Oil prices fell on Monday after China threatened duties on American crude imports in a trade dispute with Washington, while supply from OPEC and Russia was also expected to rise.U.S. light crude oil hit a two-month low of $63.59 a barrel before edging back to $64.00, down $1.06, by 0755 GMT. North Sea Brent was down 36 cents at $73.08 a barrel.In an escalating trade war with many of its major partners, including China, U.S. President Donald Trump last week pushed ahead with tariffs on $50 billion of Chinese imports, starting on July 6.China retaliated ...

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First Published: Mon, June 18 2018. 13:44 IST
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