U.S. benchmark oil prices end lower as China trade dispute fuels demand concerns

U.S. oil prices on Tuesday retreated most of the gains made the day before following the implementation of a 10% tariff on Chinese imports by the U.S. and retaliatory measures by Beijing, sparking concerns about future demand. The escalation in trade tensions between the two countries raised uncertainty in the oil market, leading to a decrease in prices as investors grew wary of the impact on global economic growth and oil consumption.

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