Oil prices rose on Friday despite the start of U.S. President Donald Trump’s tariff hike on $200 billion of Chinese goods, stoking the trade dispute between the world’s two biggest economies. China on Friday said it “deeply regrets” the U.S. move, adding that it would take necessary countermeasures, without elaborating. Prices were supported by tighter supply amid ongoing production cuts by the Organization of the Petroleum Exporting Countries (OPEC) and U.S. sanctions on Iran and Venezuela. The Brent crude oil benchmark was at $70.73 a barrel at 0643 GMT, up 34 cents, or 0.5%, from its last close, after rising as far as $71.23 a barrel. U.S. West Texas Intermediate (WTI) crude futures were up 39 cents […]