Mubasher: Oil future went up at Monday’s settlement, as the trade war between China and the US saw new development.
September Nymex WTI rose by $0.43, or 0.8%, to close at $54.93 per barrel.
Earlier this month, US President Donald Trump announced that he would levy a 10% duty on an additional $300 billion worth of Chinese goods as from 1 September.
Source:
Mubasher