Oil Edges Higher as U.S.-China Trade Talks Get Under Way
Thursday, 10 October 2019 19:32 WIB | COMMODITY |MinyakWTIBrent

Oil futures edged higher in choppy price action Thursday as traders attempted to make sense of conflicting news reports around U.S.-China trade talks and parsed OPEC™s monthly assessment of global supply and demand.

West Texas Intermediate crude for November delivery rose 23 cents, or 0.4%, to $52.82 a barrel on the New York Mercantile Exchange, while the global benchmark, December Brent crude gained 10 cents, or 0.2%, to trade at $58.42 a barrel.

Bloomberg News reported Wednesday night that the White House could implement a previously agreed upon currency deal with China ahead of schedule, and suspend tariff hikes due to take effect next week. The New York Times reported that President Donald Trump greenlighted issuing licenses to some U.S. companies to conduct business with Chinese telecom giant Huawei Technologies.

Earlier, the South China Morning Post had reported that talks earlier this week laying the groundwork for high-level talks due to begin Thursday had made little progress and that China™s main trade delegation would cut short its visit from two days to one.

Source : Market Watch

RELATED NEWS

Oil Gains After Big U.S. Drawdown, Eyes On OPEC Committee Meeting
Wednesday, 15 July 2020 18:08 WIB

Oil prices rose on Wednesday after a sharp drop in U.S. crude inventories, with the market waiting for OPEC and its allies to decide on the easing of output curbs later in the day as the global economy slowly recovers from the COVID-19 pandemic. Brent crude futures were up 35 cents, or 0.8%, at $43...

Oil Prices Fall With OPEC+ Seen Preparing To Ease Production Curbs
Monday, 13 July 2020 18:51 WIB

Oil futures fell Monday as major oil producing countries were said to consider easing production curbs as global crude demand rebounds from the coronavirus pandemic. West Texas Intermediate crude for August delivery on the New York Mercantile Exchange fell 75 cents, or 1.9%, to $39.80 a barrel. The...

Oil Dips As U.S. Inventory Build Stokes Supply Fears
Wednesday, 8 July 2020 19:20 WIB

Oil prices eased in early trade on Wednesday as industry data showing a build in U.S. crude stockpiles and a forecast for U.S. crude output to fall less than anticipated in 2020 added to worries about oversupply. Brent crude futures fell 13 cents, or 0.3%, to $42.95 a barrel by 0019 GMT. U.S. West ...

Oil Falls As Virus Resurgence Fears Weigh On Fuel Demand Recovery
Friday, 3 July 2020 11:16 WIB

Oil prices eased on Friday, reversing earlier gains, as the resurgence of the coronavirus globally and in the United States, the world™s largest oil consumer, stoked worries that a fuel demand recovery could stall. Brent crude LCOc1 futures were down 29 cents, or 0.7%, at $42.85 a barrel as of 03...

Oil Set for Weekly Gain With Economic Optimism Outweighing Virus
Friday, 3 July 2020 07:47 WIB

Oil slipped Friday but remained on track for a weekly gain as aggressive supply cuts and better-than-expected U.S. economic data overshadowed a surge in coronavirus cases in the world™s largest economy. Futures in New York fell toward $40 a barrel in Asian trading, but are still up almost 5% for ...

ANOTHER NEWS
Tokyo on Top Virus Alert as COVID Cases Continue to Surge
Wednesday, 15 July 2020 23:23 WIB Tokyo Governor Yuriko Koike Wednesday issued the highest possible warning about the escalating spread of COVID-19 infections in the Japanese capital, requesting residents and business owners step up preventive measures, but not calling for any...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.