Oil falls as specter of U.S.-China trade war haunts market

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Oil futures fell on Friday as optimism over an end to the U.S.-China trade war f...

TOKYO - Oil futures fell on Friday as optimism over an end to the U.S.-China trade war faded, leaving prices set for a weekly loss after days of wild gyrations.

Brent has traded in a range of nearly $5 this week and is heading for the first weekly loss in five. U.S. crude has traded similarly and is heading for its first loss in three weeks. The hit to market confidence came as economists in a Reuters poll predicted the U.S.-China trade spat will worsen or at best stay the same over the coming year.

 

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