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Oil prices recovered from their biggest decline in years on Friday. The prices increased by more than $1. With Trump's decision to increase tariffs on Chinese imports, trade war intensified between the two biggest economies of the world. The crude market had an adverse impact and prices declined. Brent went up by 2.6% and was traded at $62.03 a barrel. WTI rose by 1.9% and was traded at $54.97 a barrel.