Crude Oil Prices Fall on US-China Tensions Over Hong Kong

Oil prices fell on Wednesday after US President Donald Trump said he was working on a strong response to China’s proposed security law in Hong Kong.

A potential deterioration in relations between the world’s two biggest economies could ratchet up the pressure on global businesses and oil demand already weakened by the coronavirus pandemic.

Brent crude fell 53 cents, or 1.5 per cent, to $35.64 by 0827 GMT and US West Texas Intermediate (WTI) crude was down 50 cents, or 1.5 per cent, at…

View entirety: Economic Times