Oil drops, sending U.S. prices down by more than 1% for the week

Myra P. Saefong
Oil drops, sending U.S. prices down by more than 1% for the week

Oil drops Friday, prompting a weekly loss of more than 1% in U.S. prices, after China announced it would impose retaliatory tariffs on $75 billion worth of imports from the U.S., including a 5% levy on crude.