Home Business Oil drops 5% on China-U.S. tensions, demand doubts Business Oil drops 5% on China-U.S. tensions, demand doubts By Genpie - May 22, 2020 101 0 Facebook Twitter Google+ Pinterest WhatsApp Oil fell 5% on Friday to around $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.