Oil extended declines, breaking below $62 a barrel on Tuesday, pressured by limited progress in efforts to resolve the trade conflict between the United States and China as well as an expected rise in U.S. crude inventories.
A Chinese government source was quoted by CNBC on Monday as saying there was gloom in Beijing about prospects for a trade deal. The long-running dispute has hit economic growth prospects and clouded the outlook on oil demand.
Brent crude, the global benchmark, was down 64 cents at $61.80 a barrel . It had reached $63.65 ” the highest since Sept. 24 ” on Thursday. U.S. West Texas Intermediate (WTI) crude dropped 66 cents to $56.39.
Source : Reuters
Oil futures settled higher on Friday, with U.S. prices above $60 a barrel for the first time since mid-September. Traders digested news of a preliminary phase one U.S.-China trade deal that helped ease worries about the outlook for energy demand. The question of whether U.S. benchmark crude-oil fut...
Oil rose near the highest level in almost three months after U.S. President Donald Trump signed off on a partial trade deal with China, giving a boost to the fragile outlook for global oil demand. Futures climbed 1.1% to almost $60 a barrel in New York, and are on track for a slight weekly increase...
Oil prices advanced on Friday in Asia as U.S. President reportedly agreed to a partial deal with China to pause the trade war. U.S. Crude Oil WTI Futures rose 0.5% to $59.48 by 12:01 AM ET (04:01 GMT), while International Brent Oil Futures gained 0.6% to $64.61. Washington has agreed to not impose...
Oil rose to the highest level in almost three months after U.S. President Donald Trump signed off on a limited trade deal with China, improving the global demand outlook. West Texas Intermediate for January delivery rose 32 cents, or 0.5%, to $59.50 a barrel on the New York Mercantile Exchange...
Oil prices rose nearly 1% on Thursday after U.S. President Donald Trump said Washington was œvery close to nailing down a trade deal with China. Brent crude futures rose 67 cents, or 1%, to $64.39 a barrel. West Texas Intermediate crude futures gained 42 cents, or 0.7%, to settle at $59.18 a b...