Futures Movers: Oil lower on renewed trade-war fears

Oil futures traded lower Friday, on track for a third straight weekly decline, on renewed trade-war fears after President Donald Trump said he was ready to impose tariffs on all $505 billion worth of Chinese imports.

West Texas Intermediate crude for September delivery CLU8, -0.09% the U.S. benchmark, fell 31 cents, or 0.5%, to $67.93 a barrel. The global benchmark, September Brent crude LCOU8, +0.11% was flat at $72.58 a barrel, on the ICE Europe exchange.

In an interview with CNBC, Trump said he was prepared to impose tariffs on all Chinese goods imported into the U.S.

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