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Oil prices climbed up on Tuesday. However, the prices were pulled lower due to the increasing tension over US-China trade war. Benchmark Brent was up by 0.1% to $70.30 a barrel. WTI increased by 0.1% to $61.11 per barrel. “This ramp-up in trade tensions, which I don’t really think people saw coming, is going to have an impact, a broad impact,” said the senior economist at National Australia Bank.
