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MarketWatch 08/23/2019 14:57
Oil futures declined on Friday, posting a loss for the week, following news of China's plan for retaliatory tariffs on U.S. products. President Donald Trump took to social media, tweeting that the U.S. is "better off without" China. The tweets further exacerbated the day's selloff, "as tit-for-tat escalation in the trade war is weighing on economic sentiment and stoking oil demand concerns," said Matt Smith, director of commodity research at ClipperData. October West Texas Intermediate oil lost $1.18, or 2.1%, to settle at $54.17 a barrel on the New York Mercantile Exchange. For the week, prices lost about 1.2%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more informat.
Deccan Chronicle (India) 08/20/2019 03:33
New Delhi: Crude oil prices rose by Rs 22 to Rs 4,044 per barrel in futures market on Tuesday as speculators created fresh positions, taking positive cues from physical spot market. On the Multi Commodity Exchange, crude for delivery in August was trading higher by Rs 22, or 0.55 per cent, at Rs 4,044 per barrel in a business turnover of 23,535 lots. Analysts said speculative positions created by traders led to the rise in oil prices. Globally, however, West Texas Intermediate was trading lower 0.16 per cent to USD 56.30, while global benchmark Brent was up 0.13 per cent to USD 59.82 per barrel.

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