CNBC | Oil prices slump 3%, hitting nearly 7-week low amid US-China trade tension CNBC China said retaliates against U.S. tariffs by slapping additional import duties of 25 percent on $16 billion worth of American goods. China reports July crude oil imports showing shipments are at the third-lowest level this year. U.S. crude stocks fall ... Oil Plunges to Six-Week Lows on US Supplies, China Trade Oil prices retain sharp losses after EIA inventory report Oil slips as Americans' appetites for expensive gasoline wanes |