U.S. Companies In China Are Struggling, Oil Prices Slip – 12 September, 2018

A potential slowdown in fuel demand growth due to trade disputes as well as emerging market turmoil caused oil prices to take a dip on Thursday. West Texas Intermediate crude futures dropped 46 cents and 0.6 percent to $69.91 per barrel. Brent crude futures slipped 38 cents and 0.5 percent to $79.36 per barrel. The falls came due to ongoing trade tensions between the U.S. and China, with American companies in China being hurt by tariffs, and hundreds of U.S. business lobbies urging the Trump administration to reconsider its approach.