Crude Oil WTI futures for delivery in August traded at $74.8 per barrel, or 0.38 percent higher from their previous close.
More importantly, some respected observers refuse to join the popular chorus of Trump bashing and suggest the brash billionaire may be picking a fight with China at just the right time: Stephen Guilfoyle, a Wall Street trader and president of Sarge986, said the president's trade policies have China "by the short hairs".
American oil producers may find a new friend in India as they brace for a trade war with China that could curb US shipments.
Brent crude futures were down 6c or 0.1% at $77.33 a barrel. At the same time, the United States president has been exerting pressure on his European allies to stop buying Iranian oil.
South Korea has been importing Iranian crude at a daily rate of some 296,000 bpd since late March (the start of the Iranian year) and is one of several importers that are trying to win waivers for Iranian crude shipments from Washington.
As part of the retaliatory response, Beijing has threatened a 25 percent tariff on US crude imports, although it has not specified an introduction date.
"The Chinese have to do the tit-for-tat, they have to retaliate", said John Driscoll, director of consultancy JTD Energy, adding that cutting USA crude imports was a means "of retaliating (against) the United States in a very substantial way".
According to Japan Times, in a harbinger of what's to come, an executive from China's Dongming Petrochemical Group, an independent refiner from Shandong province, said his refinery had already cancelled USA crude orders. He added that his refinery had cancelled USA crude imports and would switch to Middle East or West African supplies instead.
The report said Hojjat al-Islam Mojtaba Zolnour, a hardline member of Iran's parliament, had made the allegation in an interview with a local newspaper. "They (Chinese importers) are not going to be intimidated, or swayed by USA sanctions", he said.
"Iran's exports are some 2.7 million bpd, including condensate", it noted.
In other news, Iran's oil minister accused Trump over the weekend of insulting OPEC by ordering it to boost production and lower down prices.
Indications are growing that show the United States can not rely on Saudi Arabia for too long to make up for the missing Iranian oil supplies once American sanctions are re-imposed against the country.
They said zero-tolerance sanctions on Iran - the fourth-largest oil producer - could add $50 per barrel to crude prices, which are up more than 25 per cent this year.
China responded promptly and slapped duties on the same amount of value unto USA products.
Baldwin was recently linked with singer Shawn Mendes after the pair attended the Met Gala in NY together in May. That's right, the Ontario native has apparently popped the question to his model girlfriend Hailey Baldwin .
It is alleged that Duduzane was a party to the crime because he was present when the offer was made to Jonas by Gupta . Former President Jacob Zuma's son Duduzane has been formally charged with corruption‚ his lawyer has confirmed.
Mickelson took a double-bogey 6 for the hole on a day when he also had a triple-bogey 6 (on 18), three bogeys and four birdies. Almost a month after appalling the golf world (and violating the PGA rulebook) by putting a moving ball at the U.S.
Being able to play on Centre Court against Rafa, that's something that I will remember forever", said de Minaur. The Czech faces Dutch 20th seed Kiki Bertens, who stunned five-time Wimbledon victor Venus in the third round.
The recyclable lids are already in use in about 8,000 Starbucks locations in the United States and Canada , the company said. The move will eliminate more than one billion plastic straws per year from Starbucks stores, the company said.
"This call to protest on the Dan Ryan, however well-intentioned, is reckless", Illinois State Police Director Leo Schmitz said . Police had warned earlier this week that any pedestrian who entered the expressway would face arrest and prosecution.
In a letter addressed to Donald Trump, Pruitt cited "unrelenting" and "unprecedented" attacks on him and his family. Political observers are expecting Wheeler to be in his new role as acting EPA administrator for an extended period.
The accused filmed the act and blackmailed the girl, saying they would make the video public if she informed anyone. However, a few days later, the alleged rapists shared the video with other school friends, the FIR said.
Weinstein's CT home for the past 23 years, she said, should no longer an option because records show that it has been sold. Courthouse guards told people arriving for jury duty to wait or use a different entrance as Weinstein arrived on Monday.
Timehop database hack sees 21 million users' data stolen
Another thing the hackers got were the "keys" that allow the app to show you posts from the sources you've chosen. We learned of the breach while it was still in progress, and were able to interrupt it, but data was taken .
Deal Alert: Get 4 months of Amazon Music for only $0.99
Keep in mind that after the 4-month deal, the subscription will revert to full price, so you'll have to pay $9.99 each month. Prime Day deals will be identified by a badge, which reads "Prime Day deal" on a blue background.
Oprah‚ Beyoncé‚ Jay-Z headed to SA for Global Citizen Festival
There will also be opportunities for Global Citizens to earn free tickets by taking actions in their communities of Johannesburg. Local fans are losing their mind as they scramble for tickets but attendees have been informed that tickets are free of cost.
Travis Pastrana re-creates Evel Knievel jumps
To be here, in Las Vegas , so much of my history has been here. "This was definitely the coolest thing I've ever done". Pastrana surpassed Knievel's jump over 50 crushed cars, done at the Los Angeles Coliseum in 1973, by clearing 52 cars.