Oil thwarted by trade war fears as Trump doubles down on tariffs

After Donald Trump announced new tariffs on Chinese goods this week, oil futures took a hit and fell as much as 1.1 percent in New York.

BY HEESU LEE, BLOOMBERG

Oil headed for its worst week in a month after US President Donald Trump called for new tariffs on Chinese goods, souring investor optimism that tensions between the world's two largest economies will ease with negotiations.

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