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Oil struggles to retain gains as trade war concerns build

The mood across financial markets was cautious after China announced last week it would slap extra tariffs on 128 US

Amanda Cooper | Reuters  |  London 

Oil prices edged up on Tuesday, after having posted their biggest one-day fall in almost a year the previous day, although higher Russian output and Saudi Arabia possibly cutting its selling prices acted as a drag. The mood across financial markets was cautious after China announced last week it would slap extra tariffs on 128 U.S. products, deepening a dispute between the world's two biggest economies and stoking concerns about the impact on global growth. Brent crude futures were up 23 cents on the day at $67.87 a barrel by 1322 GMT, while West Texas Intermediate ...

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First Published: Tue, April 03 2018. 20:46 IST
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