Crude oil is recovering from yesterday's sharp losses

    Oil surges to a fraction of yesterday's sharp losses Oil prices rose during today's trading to replace crude as part of the sharpest four-year losses suffered yesterday by trade war.


    Oil prices fell under pressure from demand concerns after US President Donald Trump said his country would impose a 10 percent tariff on imports of Chinese goods worth $ 300 billion from Sept. 1.


    China has threatened to retaliate against US tariffs, warning of further escalation in the trade war.


    The Baker Hughes data will soon be released for drilling and exploration for oil and natural gas in the United States this week.


    In terms of trade, the price of "West Texas" by 16:45 GMT by 3% to 55.5 dollars a barrel, the highest price at 56.05 dollars and the lowest price at 54.1 dollars.


    Brent rose 2.5% to $ 62.05 a barrel, crude hit a record high of $ 62.9 and a low of $ 60.9.

    Oil prices rose during today's trading to replace crude as part of the sharpest four-year losses suffered yesterday by the trade war.


    Oil prices fell under pressure from demand concerns after US President Donald Trump said his country would impose a 10 percent tariff on imports of Chinese goods worth $ 300 billion from Sept. 1.


    China has threatened to retaliate against US tariffs, warning of further escalation in the trade war.


    The Baker Hughes data will soon be released for drilling and exploration for oil and natural gas in the United States this week.


    In terms of trade, the price of "West Texas" by 16:45 GMT by 3% to 55.5 dollars a barrel, the highest price at 56.05 dollars and the lowest price at 54.1 dollars.


    Brent rose 2.5% to $ 62.05 a barrel, crude hit a record high of $ 62.9 and a low of $ 60.9.
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