Crude oil prices are dropping following the latest salvos in the US-China trade dispute and further losses now look possible unless there is a breakthrough. The US has already raised tariffs on Chinese goods and China has responded by pledging to increase tariffs on $60 billion of US goods. US President Donald Trump reduced tensions late Monday, saying the trade talks are “going to be very successful” and he is still expected to meet Chinese President Xi Jinping at a G20 summit in Japan on June 28/29. However, the oil price is under downward pressure on concerns that demand for it will suffer if economic growth ... (full story)