Oil tumbles as Trump plans tariff hike

Signs of incrasing US output also weighs on prices

Hitting prices: US President Donald Trump's plan to hike tarrifs on Chinese goods this week sent oil tumbling more than 2% — Hitting prices: US President Donald Trump's plan to hike tarrifs on Chinese goods this week sent oil tumbling more than 2%Photo: AP/SCANPIX

Reuters

Asia & Oceania North America production USA Donald Trump

Published 6 May 2019, 04:37Updated 6 May 2019, 04:38