Oil futures settled lower Aug. 7 as demand outlooks came under pressure amid rising US-China tensions and lack of progress on a US stimulus package. Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX September WTI settled down 73 cents at $41.22/b and ICE October Brent settled 69 cents lower at $44.40/b. Crude futures had trended lower overnight after US President Donald Trump issued two executive orders giving US companies 45 days to stop dealing with Chinese companies ByteDance — the Chinese owner of TikTok — and WeChat, the messaging platform owned by Tencent, whose shares slumped 10% as a result. The action “raises concerns about the potential that strong China demand we have seen […]