Brent Oil 35.27usd, -0.80,-2.22%
Today Brent oil is trading on 35.27usd and it went down with 2.22%. The reason why the oil prices are going down is caused by the tensions that keep on getting tense between The U.S and China over Hong Kong. China's parliament approved the Security Bill over Hong Kong yesterday and President Trump is set to hold a news conference later on today in response to the security bill that was imposed. Also, the prices of oil went down after government data showed late Thursday an unexpected rise in U.S. inventories of 7.9 million barrels, backing up Wednesday’s report by the American Petroleum Institute.