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Oil falls on threat of China crude tariffs, expected OPEC supply rise

Updated : June 21, 2018 09:04 AM IST

In an escalating spat over the American trade deficit with most of its major trading partners, including China, US President Donald Trump last week pushed ahead with hefty tariffs on $50 billion of Chinese imports, starting on July 6.
China on Friday said it would retaliate by slapping duties on American export products, including crude oil.
Oil falls on threat of China crude tariffs, expected OPEC supply rise

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