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.Â
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.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more