Oil prices mixed as market eyes US-China trade war
Oil prices were mixed 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 21 cents, or 0.4%, at $54.89 a barrel by 0244 GMT, while Brent was 5 cents higher at $58.71 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.
US President Donald Trump said both sides would still meet for talks later this month.
