Oil Prices Retreat

Oil prices are into a falling pattern this morning amid the present U.S.-China trade issues. South Korean reported some numbers that are disappointing and further contributing issues over emerging markets and a rise in OPEC output.

South Korea's economy advanced less than initial predictions less in the second quarter as exports dropped in the face of the prolonged U.S.-China trade war.

Now, oil trades at $ 54.00, which is a loss of $0.77 or 1.40% from the previous close of $ 54.76.

The daily range is from $ 53.94 to 55.02, while the trading volume is 153.072K.

Moreover, Washington just levied 15% tariffs on a variety of Chinese goods.





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