Oil prices edge lower on economic concerns, but geopolitics support

Oil prices declined on Friday, with Brent slipping from the $70 mark reached the previous day, but both main contracts were set for weekly gains on mounting geopolitical risks. Brent crude futures dropped 25 cents to $69.15 a barrel by 1204 GMT, having touched $70.03 in the previous session, its highest since November 12. US West Texas Intermediate (WTI) crude fell by 13 cents to $61.97, having hit their highest since November 7 on Wednesday at $62.99. Brent and WTI are on track for their second and fifth consecutive weeks…

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Chinese tech firms lay lower at CES 2019 amid trade tensions

The CES 2019 gadget show, which kicks off on January 6, will showcase the expanding influence and sway of China’s rapidly growing technology sector. But some of its firms are stepping back from the spotlight amid rising US national-security concerns over Chinese tech and a trans-Pacific trade war launched by President Donald Trump. Last year, a top executive of the Chinese telecom firm Huawei delivered a CES keynote address critical of AT&T’s abrupt cancellation of plans to sell a Huawei phone following espionage concerns raised by the US government. This…

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