Oil drops over 5% on China-U.S. tensions, demand doubts Posted on 22 May 2020 By Peter In News Oil fell over 5% on Friday towards $34 a barrel as tensions rose between the United States and China, and doubts grew about the pace of demand recovery from the coronavirus crisis. Written by Peter Peter Zirbes, ESQ. A Full Service Law Office 718 544 6300 ← →