Oil prices were flat in early trading on Friday, sandwiched between supply outages and the escalating U.S.-China trade war. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) The Ultimate Resource For Energy Professionals Do you want an inside look at what’s really happening in energy markets? Learn More (Click to enlarge) (Click to enlarge) (Click to enlarge) Friday, May 10th, 2019 Trump doubles tariffs on China, markets wait. The U.S. hiked tariffs on $200 billion of Chinese goods from 10 to 25 percent on Friday, while leaving open the possibility that trade talks could continue. Trump also began the process of new tariffs on another $325 billion in Chinese imports. China vowed to implement retaliatory measures. “The opportunity window for avoiding a trade war is closing fast,” Citigroup wrote in a note to clients. Global financial markets were largely stable on Friday, suggesting that major […]