Oil fell in tandem with equities as concerns over renewed tensions between the U.S. and China and a murky outlook for further relief from Washington cast an economic pall. Futures dropped 1.7% in New York on Friday, the biggest decline in a week. U.S. President Donald Trump’s latest attack on Chinese tech companies and new sanctions on Chinese officials further stoked tensions between the countries. Meanwhile, another round of negotiations with Democrats on a virus relief plan ended without any agreement, indicating a long road ahead for a demand recovery. Weaker equities and conflict between the U.S. and China, “would at least for now hinder any kind of bullish tilt,” said Tariq Zahir, managing member of the global macro program at Tyche Capital Advisors LLC. “You’ve got a little bit of a bid in the dollar,” putting further pressure on futures as well. The Bloomberg Dollar Spot Index rose […]