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Bloomberg Quint

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Image Credit: Bloomberg Quint

Oil Edges Higher After Three-Day Rout With Trade War In Focus

  • Oil edges higher after a three-day slump as global markets adopt a slightly calmer tone.
  • West Texas Intermediate rose above $61 a barrel, rebounding from a 15% decline over three sessions.
  • Trump's threat of additional import taxes on China and trade talks with other nations weigh on the market.
  • Escalating trade war and OPEC+ output hike lead to concerns of a global slowdown and impact on oil demand.

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