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Oil prices steady after Trump trade tariffs spark plunge

Updated : August 02, 2019 08:16 AM IST

Brent crude slumped more than 7 percent on Thursday, its steepest drop in more than three years.
US crude fell nearly 8 percent, posting its worst day in more than four years. 
The announcement extends Trump's tariffs to nearly all China's imports into the United States and marks an abrupt end to a temporary truce in a trade war that has disrupted global supply chains and roiled financial markets.
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