Oil Drops to 6-Week Low on U.S.-China Trade Fears
- The Wall Street Journal
Oil prices fell to a six-week low Monday on worries of a full-blown U.S.-China trade war that could hurt global demand for crude oil.
West Texas Intermediate futures, the U.S. oil benchmark, ended 1% lower at $61.04 a barrel on the New York Mercantile Exchange, its lowest closing price since March 29. WTI prices have fallen 4.5% so far this month. Brent crude, the global oil benchmark, ended down 0.6% at $70.23 a barrel on London’s Intercontinental Exchange....