Oil falls as Chinese economy outweighs Trump plan to ease lockdown

REUTERS | Oil prices fell on Friday, giving up early gains as China’s worst economic contraction on record outweighed news of U.S. President Donald Trump’s plans to get the American economy moving again. Brent was down by 10 cents, or 0.4%, at $27.72 a barrel by 0815 GMT while U.S. crude CLc1 for May delivery tumbled by $1.54, or 7.8%, to $18.33. The more active June contract was down 3 cents, or 0.1%, at $25.50.

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