Oil Slides On Trade War Anxiety

Oil prices dropped on Tuesday morning, as market participants become more anxious about the next round of U.S.-China trade talks later this week, after the U.S. blacklisted multiple Chinese firms for human rights violations. At 11:59 a.m. EDT on Tuesday, WTI Crude was down 0.85 percent at US$52.30 and Brent Crude was trading down 0.72 percent at US$57.93 as the market turned its attention again to signs of flagging economic and oil demand growth. Simmering geopolitical tensions in the Middle East, however, limited losses. Days before one of the…