Oil moved lower today as trade tensions between the U.S. and other countries continued to mount, but oil markets hold quite firm because of interruptions in supply and strong demand.
Brent futures decreased to $77.74 for a barrel, dipping 11 cents, since the previous end of session. U.S. WTI futures kept at $73.19 per barrel, 26 cents loss. In the week WTI reached the highest level of $74.03 since November 2014.
Today’s drops are accompanied by record lows of nine months in Asian stock markets, though a slight recovery followed.