Commodities Oil prices drop as China-U.S. tensions grow, Beijing fails to set economic growth target Updated : May 22, 2020 01:46 PM IST Brent crude was trading down $1.43, or 4%, at $34.63 a barrel by 0630 GMT, after falling to as low as $33.54. Oil prices have risen sharply in recent weeks and are still on track for a fourth weekly gain after the depths plumbed in April when U.S. crude fell below zero. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.