Tensions between the world's two largest economies are high again and China has warned that some in the U.S. are pushing the two countries toward a new Cold War. As a result, the international price of oil fell again, increasing uncertainties about the prospects for global demand recovery.
New York's oil futures market begins the week down 1.2% after already falling 2% on Friday. The Barrel of West Texas Intermediate (WTI) type for delivery in July fell to $ 32.86 on the morning of Monday (25) in Singapore.
Brent, a benchmark for production in Brazil, began the second with a drop of 1.5%, with the barrel for July quoted at US$ 34.60 in the European futures market.