CNBC | Oil dips as China-US trade tensions deepen, new tariffs due CNBC Oil prices edged lower on Monday as investors focused on deepening trade tension between the U.S. and China that is expected to dent global crude demand, but losses were limited as the market weighed potential supply tightening due to Iran sanctions. Oil Prices Trade Slightly Lower Oil Trades Above $69 as Supply Risks Eclipse Demand Concerns Oil near flat as market weighs US-China trade tensions, Iran sanctions |