US-China tension weighs on oil prices

Investors also still cautious as rising coronavirus cases continues to cloud the outlook for demand

Face off: escalating tension between the US, led by President Donald Trump (left), and China, led by President Xi Jinping, is weighing on oil prices
Face off: escalating tension between the US, led by President Donald Trump (left), and China, led by President Xi Jinping, is weighing on oil pricesPhoto: AP/SCANPIX
Published 27 July 2020, 04:34Updated 27 July 2020, 04:34