Oil Caps Worst Week Since July as Trump Revs Up China Trade Feud
- Administration officials discussing capital-flow restrictions
- WTI, Brent set for monthly gains despite Friday’s declines
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Oil in New York capped its worst week since July as U.S. President Donald Trump’s administration escalated trade tensions with China in a protracted dispute that’s imperiled world energy demand.
Futures fell almost 1% Friday after seesawing earlier. In the latest salvo in the trade war between the world’s biggest economies, U.S. government officials are considering caps on American money flows into China, a measure with major implications for billions of dollars in investments, according to people familiar with the deliberations.