(Bloomberg) — Oil edged lower after a weekly gain as investors weighed worsening relations between Washington and Beijing and the prospect of more supply against a weakening dollar and signs the virus is easing in the U.S.Futures in New York fell toward $41 a barrel after rising 1.7% last week. U.S.-China tensions simmered over the weekend, with Beijing slamming the “forced entry” to its Houston consulate by American personnel and vowing to respond “as necessary.” The breakdown in relations between the world’s two largest economies threatens to complicate the recovery from the coronavirus.There was some evidence, however, that the surge …read more
Source:: Yahoo Finance
