Oil prices steady on trade war jitters but OPEC hints supply restraint
Tuesday, 15 October 2019 Oil prices steadied on Tuesday after two days of losses amid U.S.-China trade talks which have investors on edge, but OPEC said it hoped to balance markets beyond 2020 in a sign of possible further supply curbs.
The Port of Los Angeles is the busiest for ocean trade with China. According to Reuters, it processed fewer containers of imported goods in September. The prolonged U.S.-China trade war has whipsawed..