Oil Prices Tick Higher, Supported by Drawdown in U.S. Product Stocks


Crude prices ticked higher on Thursday, drawing support from a report showing a sizable decline in U.S. stocks of gasoline and distillate supplies.
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International oil prices slip as trade spat escalates; U.S. crude stock drop supports

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International oil prices slipped on Thursday, weighed down by the escalating trade dispute between the United States and China , although a decline in U.S. commercial crude inventories offered some support. International benchmark Brent crude oil futures ( LCOc1 ) were at $74.63 per barrel at 0422 GMT, down 18 cents, or 0.2 percent, from their last close. www.mcxgoldstar.com 7249938989 9719002865 The United States and China escalated their acrimonious trade war on Thursday, implementing punitive 25 percent tariffs on $16 billion worth of the other's goods. Washington is holding hearings this week on a proposed list of an additional $200 billion worth of Chinese imports to face duties.
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