Crude oil price on the WTI and Brent oil benchmarks are shedding weight today after a blistering run that has seen it climb off multi-year lows to top $35 in the last two weeks. Traders appear to have been spooked by the subtle re-emergence of US-China tensions. The first salvo was fired yesterday after Global Times quoted the speaker of the NPC Parliament Zhang Yesui as saying that Beijing would “firmly defend its interests if the US does things that undermine China’s core interests.” However, another takeaway from the annual NPC/CPPCC sessions is now stoking new tensions in an already charged atmosphere, as a new ... (full story)