Oil prices fall as market eyes trade war, awaits stocks data
Tokyo: Oil prices fell on Tuesday as the ongoing US-China trade war cast a pall over markets, with soft South Korean data adding to concerns over emerging markets and a rise in OPEC output.
US crude was down 26 cents, or 0.5%, at $54.84 a barrel by 0644 GMT, while Brent was down 6 cents at $58.60 a barrel.
The United States this week imposed 15% tariffs on a variety of Chinese goods and China began to impose new duties on a $75 billion target list, deepening the trade war that has rumbled on for more than a year.
