Oil little changed as U.S.-Iran dispute supports, trade war weighs

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Oil little changed as U.S.-Iran dispute supports, trade war weighsOil futures were steady on Tuesday as the prospect of mounting U.S.-Iran tensions disrupting supply was offset by concerns that a lengthy trade war between Washington and Beijing would limit crude demand. WTI fell slightly in post-settlement trade following industry group the American Petroleum Institute's data showing that U.S. crude stockpiles rose unexpectedly last week, by 2.4 million barrels, compared with analysts' expectations for a decrease of 599,000 barrels. "The situation with China is as bearish as the Iran situation is bullish," said John Kilduff, a partner at Again Capital LLC in New York.


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