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Concern growth may be slowing over US-China trade war

9 days ago   |   By Energy Voice

Oil extended its retreat as investor appetite for risk assets shrank and uncertainty persisted over how much OPEC will need to cut output to counter booming U.S. shale supplies.
Futures in New York lost as much as 2.3 percent, after falling for the first time in 10 sessions on Friday. Equities slipped on Monday after the S&P 500 Index closed flat Friday, before a slew of bank profit reports and company earnings. Worries that global growth may be slowing amid a U.S.-China trade war and a partial American government shutdown also weighed on investor sentiment.
In the oil market, Saudi Energy...
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