Bloomberg | Oil Falls as US Ups China Trade War With New $200 Billion List Bloomberg Oil has been trading near a three-year high as concerns of a supply crunch due to disruptions from Libya to Venezuela and renewed U.S. sanctions on Iran overshadowed a pledge by OPEC and its allies to boost production. Though signs of shrinking U.S. ... Crude prices cool after Pompeo hints at Iran oil sanctions waivers Oil prices extend gains on continued production outages Oil rises on supply disruptions, large US crude stock drawdown |