U.S. ANNOUNCES NEW TRADE ENFORCEMENT ACTIONS AGAINST CHINESE SHIPBUILDERS

Highlights

• Along with the Chinese semiconductor industry, all listed companies in shipbuilding industry are part of the 77 companies added to the ‘Entity List' that curbs exports to them

• The new list also expands export restrictions to China State Shipb...

Crude stocks in the US go up and cause the oil stocks to go down

Oil prices fell on Wednesday after the unforeseen build-up of industry data in US shipbuilding and investors were waiting for news about whether a fresh round of U.S. tariffs would take effect on Chinese goods on Sunday.

Futures from Brent have dropped by 0943GMT to $64.10/barrel. The l...