Oil declines as U.S.-China standoff extends beyond trade [MSNBC.com]
China Petroleum & Chemical Corporation (SNP)
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Source: MSNBC.com
Oil declines as U.S.-China standoff extends beyond trade A man working in a filling station of Sinopec, China Petroleum and Chemical Corporation, in Shanghai, China, on March 22, 2018. Johannes EIsele | AFP | Getty Images Oil prices edged lower on Thursday as fresh tensions between the United States and China over protests in fueled concern that a deal to end a trade war between the world's top two economies may be further delayed. Brent crude West Texas Intermediate crude Both benchmarks had risen strongly on Wednesday due to bullish data on U.S. crude inventories. U.S. President Donald Trump is expected to sign two bills passed by intended to support protesters in . That followed a Reuters report that completion of a "phase one" U.S.-China trade deal could slide into next year. The potential delay could mean the U.S. administration will implement new tariffs on imports from China, escalating the tensions, experts say. "Under this scenario, both equities and oil are expected to com
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