(Bloomberg) — Oil slipped in Asia as an escalating war of words between the U.S. and China added to caution over the prospects for a global recovery in demand.Futures in New York fell 1.4%, adding to a 2% pullback on Friday. Chinese Foreign Minister Wang Yi warned that American leaders are potentially pushing toward a new Cold War, further stoking investor nerves after Beijing on Friday abandoned its annual growth target in 2020 due to the uncertain impact from the Covid-19 outbreak. The U.S. market is closed on Monday for the Memorial Day holiday.Prices still rose almost 13% last week …read more
Source:: Yahoo Finance
