Oil prices slides 3% as U.S.-China trade war escalates
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NEW YORK (Reuters) - Oil prices fell nearly 3% on Friday after China unveiled retaliatory tariffs against about $75 billion worth of U.S. goods, marking another escalation of a protracted trade dispute between the world's two largest economies.Brent crude futures fell $1.04, or 1.7%, to $58.88 a barrel. U.S. West Texas Intermediate (WTI) crude futures fell $1.47, or 2.7%, to $53.88 a barrel.Brent futures were set to gain 0.4% for the week, while WTI was on track to fall 1.9% for the..