Oil prices fell due to the escalation of the conflict between the US and China

Oil prices declined on Wednesday on the announcement of the US Trade Representative that the volume of Chinese goods, import of which in the US will be subject to duties, increases from August 23 to 50 billion dollars. Investors are also concerned about the upcoming US sanctions against Iran, which can significantly reduce the supply of oil from the country. October Brent crude oil futures at 14:31 Moscow time fell 9 cents to 74 dollars 56 cents a barrel. The price of September futures for WTI oil fell by 29 cents to 68 dollars 88 cents per barrel.

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