Oil traders ready for musical chairs as China tariffs loom

FILE PHOTO: A seagoing barge is loaded with crude oil from the Eagle Ford Shale formation at the newly expanded crude dock at the Port of Corpus Christi, Texas, U.S., April 10, 2014. REUTERS/Darren Abate/File Photo

NEW YORK (Reuters) – Oil markets are bracing for a reshuffle of global trade flows as China threatens to impose tit-for-tat tariffs on imports of U.S. energy products, including crude. China, which has bought an average 330,000 barrels per day (bpd) of U.S. crude oil this year, is threatening to place a 25 percent tariff […]

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