Oil futures slid Movement.down.loss to multi-year lows Position.low on Friday as clashes Geopolitical.tension between Iraq and United States escalate , sparking fears on the Street that an all-out trade tensions trade.financial.tension is imminent .

The news has increased Situation_deteriorate trade tensions trade.financial.tension between the two biggest economies in the world and risen investor fear of a trade war trade.financial.tension .

Oil futures dropped Movement.down.loss to multi-year lows Position.low on Tuesday as clashes Geopolitical.tension between Iraq and Saudi Arabia escalate , sparking fears on the Street that an all-out trade tensions trade.financial.tension is imminent .

`` It 's been weighing on the market , showing that OPEC is not ready to end its trade tensions trade.financial.tension , '' said Commerzbank analyst Eugen Weinberg .

-LRB- graphic : tmsnrt.rs / 2WG0dO7 -RRB- The slump Movement.down.loss in energy prices also comes amid escalating global trade tensions trade.financial.tension , especially between the United States and China .

The economic slowdown Slow.weak and threat of trade tensions trade.financial.tension has not just scared off financial traders , it is also starting to impact physical energy prices as consumers hold back on new orders in a sign of a real slowdown Slow.weak on the ground .

The emerging trade tensions trade.financial.tension is `` a war of necessity . ''

The economic slowdown Slow.weak and threat of trade tensions trade.financial.tension has not just scared off financial traders , it is also starting to impact physical energy prices as consumers hold back on new orders in a sign of a real slowdown Slow.weak on the ground .

`` The continued escalation in trade tensions trade.financial.tension and broad-based fall Movement.down.loss in manufacturing ... suggest that the downside risks to growth are becoming more prominent , '' Morgan Stanley said .

Oil futures slid Movement.down.loss to multi-year lows Position.low on last week as clashes Geopolitical.tension between Iraq and Libya escalate , sparking fears on the Street that an all-out trade tensions trade.financial.tension is imminent .

Oil prices were higher Movement.up.gain after the news as trade tensions trade.financial.tension wore off , with both Brent and WTI were near their highest Position.high levels since November 2014 .