Oil prices edge up but US-China trade war drags
SINGAPORE: Oil prices edged up on Tuesday, but remained under pressure as the escalating U.S.-China trade war stoked concerns over global economic growth and future demand for crude.
Brent crude futures had risen 10 cents, or 0.17 per cent, to $59.91 a barrel by 0149 GMT after earlier dipping to their lowest since mid-January at $59.07.
The international benchmark fell more than 3 per cent on Monday as traders worried the ongoing trade tensions between the world’s two biggest oil buyers would dent appetite for fuel.
