markets pressured by geopolitical, trade war tensions

摘要

Simmering tensions in the Mideast Gulf buoyed oil markets for most of the week, but benchmark crude prices plummeted towards the end of the week after China announced it was imposing a 5pc tarif on imports of US crude, escalating the US-China trade war further and reigniting recession fears. Atlantic basin benchmark crude North Sea Dated was up by $1.93/bl to $59.51/ bl in the week to 22 August. US benchmark September WTI rose by 81c/bl to $55.28/bl, while Mideast Dubai rose by $1.89/bl to $60.16/bl.