Friday, June 12, 2026
Oil falls as U.S.-China tension escalates- oil and gas 360

Oil falls as U.S.-China tension escalates

Reuters LONDON  – Oil fell on Monday on worries about renewed tensions between the United States and China, although reports that OPEC and Russia were closer to a deal on extending oil output cuts lent some support to prices. Benchmark Brent crude LCOc1 was down 46 cents, or 1.2%, at $37.38 a barrel at 1331 GMT. U.S. crude CLc1 fell