Rolling coverage of the latest economic and financial news
Oil prices are slipping this morning, with Brent crude down by about 0.9% to $99.8 a barrel.
But oil is still up by more than 10% over the course of the week, as renewed conflict in the Middle East has fed fears around the global supply.
For Europe, it ought not to change much because we have the Turnberry agreement which should be respected by Donald Trump. But obviously it creates more uncertainty for world trade and clearly it’s not favourable for growth.
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