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.