Oil prices were mixed on Tuesday as the ongoing U.S.-China trade war cast a pall...
TOKYO - Oil prices were mixed on Tuesday as the ongoing U.S.-China trade war cast a pall over markets, with soft South Korean data adding to concerns over emerging markets and a rise in OPEC output.
The United States this week imposed 15% tariffs on a variety of Chinese goods and China began to impose new duties on a $75 billion target list, deepening the trade war that has rumbled on for more than a year.South Korea’s economy turned out to have expanded less than estimated during the second quarter as exports were revised down in the face of the prolonged U.S.-China trade dispute, central bank data showed on Tuesday.
Output from the Organization of the Petroleum Exporting Countries rose in August for the first month this year as higher supply from Iraq and Nigeria outweighed restraint by top Saudi Arabia and losses caused by U.S. sanctions on Iran.
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