Saturday, June 28, 2025
Oil drops over 4% on China-U.S. tensions, demand doubts- oil and gas 360

Oil drops over 4% on China-U.S. tensions, demand doubts

Reuters LONDON – Oil fell over 4% on Friday to below $35 a barrel on rising U.S.-China tensions and doubts about the pace of demand recovery from the coronavirus crisis, although it remained on course for a weekly gain. China is set to impose new national security legislation on Hong Kong, prompting a warning from U.S. President Donald Trump. Beijing