Money and business

Oil loses more than 5% after announcing the new Chinese definitions

On Friday, oil prices recorded additional losses with a decrease of more than 5%, after China announced a 34% imposition on American products, in response to the acquaintances approved by Donald Trump the day before.
About 10:30 am Greenwich time, the price of the North Sea barrel, June delivery, decreased 4.99 % to 66.64 dollars, after its lowest levels since December 2021 reached $ 66.53.
West Texas Intermediate crude barrel decreased 5.23 %, to reach $ 63.45.

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