MTECHTIPS;-Oil Prices Fall Amid Trade War Concerns

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MTECHTIPS;-Oil Prices Fall Amid Trade War Concerns

MTECHTIPS- Oil prices fell on Monday, as concern of a trade war between the U.S. and China resurfaced. Crude oil futures slumped 1.57% to $63.92 a barrel by 10:27 AM ET (14:27 GMT). Brent crude futures, the benchmark for oil prices outside the U.S., fell 65 cents, or 0.94%, to $68.69 a barrel. On Sunday China increased tariffs by 25% on 128 different U.S. products including pork, wine, nuts and seamless steel pipes, in response to trade tariffs from the U.S. The news has increased trade tensions between the two biggest economies in the world and risen investor fear of a trade war. The White House is expected to list Chinese imports that will be tariffed, which will include about $50 billion to $60 billion worth of technology products. Trading volumes were thin, as European markets were still closed for the Easter holiday. U.S. markets were set to open after being closed on Friday

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