China tariffs on U.S. oil to pressure exports, Gulf Coast prices: traders

Townhall.com Staff
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Posted: Aug 23, 2019 4:25 PM
China's threat on Friday to slap a 5% tariff on U.S. oil imports could further soften demand for physical crude at hubs along the U.S. Gulf Coast, where exporters already have taken to shipping crude overseas without firm buyers, traders said.