Oil prices slid about 3 percent on Wednesday as a trade dispute between the United States and China escalated further and after Chinese import data showed a slowdown in energy demand. Brent crude LCOc1 futures fell $2.37 to settle at $72.28 a barrel, a 3.17 percent loss. U.S. West Texas Intermediate (WTI) crude CLc1 futures fell $2.23 to settle at $66.94 a barrel, a 3.22 percent loss. The session low of $66.32 was the lowest since June 22. China is slapping additional tariffs of 25 percent on $16 billion worth of U.S. imports, from fuel and steel products to autos and medical equipment. The escalating trade war has rattled global markets. Investors fear a potential slowdown of the world’s two […]