Last week, crude oil prices succumbed amid US-China trade war escalation. The WTI benchmark touched the lowest level in seven months after Beijing retaliated with currency depreciation and a ban on US agricultural imports to a threat from Donald Trump. The US President moved to expand tariffs to an additional $300 billion in Chinese imports – covering nearly all bilateral trade – starting September 1. Although détente would benefit both parties, a swift resolution now seems decidedly unlikely. This means that traders must now contend with the ever-present risk that some provocative soundbite from either Washington or B ... (full story)