Friday, August 10, 2018

Too big to ignore

Bloomberg reports that China has removed US crude oil from the list of items on which it is placing tariffs.
The removal of U.S. crude from goods targeted by Chinese tariffs is a sign that America has become too big to ignore in the oil market.

Less than two months after threatening to impose levies on imports of U.S. crude, the world’s biggest oil buyer has now spared the commodity.
Read more here.

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