Oil loses more than 5% after China escalated with customs duties on American products

On Friday, oil prices recorded additional losses with a decrease of more than 5 % after China announced the imposition of customs duties by 34 % on American products in response to the acquaintances approved by Donald Trump the previous day.
About 10.30 in the morning GMT, the price of the Brent barrel of the North Sea of ​​June decreased 4.99 % to 66.64 dollars, after its lowest levels since December 2021 reached $ 66.53.

The West Texas Intermediate crude barrel decreased, the delivery of May 5.23 % to $ 63.45.