Reuters LONDON – Oil prices rose on Tuesday in a volatile session after U.S. President Donald Trump soothed jangled nerves over the status of the U.S.-China trade deal. [contextly_sidebar id=”3SeOrs3uqfjDQkXU9xntkTDOBj1GwzSF”] Markets were unsettled by surprise comments from White House trade adviser Peter Navarro who said the hard-won deal was “over”. President Trump later wrote in a tweet that the agreement
Reuters NEW YORK – Oil prices were flat on Thursday, supported by signs of improving Washington-Beijing trade relations and rising tensions in the Middle East but pressured by a strong U.S. dollar. Brent crude futures LCOc1 were unchanged at $66.00 a barrel by 1:33 p.m. EST (1833 GMT), while U.S. West Texas Intermediate (WTI) crude CLc1 was 17 cents lower
Houston Chronicle Oil in New York headed for its biggest annual increase since 2016, as OPEC’s production cuts tempered supplies while a trade pact between the U.S. and China buoyed the outlook for demand. West Texas Intermediate futures have climbed 36% this year, and were trading above $61 a barrel on Tuesday. Prices have picked up in the past few
Reuters NEW YORK – Oil prices rose on Monday to three-month highs, lifted by optimism over an expected China-U.S. trade deal and upbeat industrial data, while traders kept a close watch on the Middle East following U.S. air strikes in Iraq and Syria. Brent crude futures LCOc1 gained 55 cents to $68.71 a barrel by 11:17 a.m. EST (1617 GMT).
Reuters LONDON – Oil prices fell on Friday, but were set for a third straight weekly gain after the easing of U.S.-China trade tensions, which has boosted business confidence and the outlook for global economic growth. Brent LCOc1 was down 22 cents at $66.32 a barrel by 1440 GMT, but marking a weekly rise of around 1.7%. U.S. West Texas
Reuters LONDON – Oil prices hovered near three-month peaks on Thursday, buoyed by falling U.S. crude inventories and thawing trade relations between the United States and China. Brent crude futures were up 19 cents at $66.36 a barrel at 1447 GMT, heading for their sixth straight day of gains. U.S. West Texas Intermediate (WTI) crude rose 7 cents to $61.00
Houston Chronicle Oil briefly touched $61 a barrel for the first time in three months as strengthening outlooks for manufacturing and trade buoyed demand prospects. Futures closed 1.2% higher on Tuesday in New York, just 6 cents shy of the $61 mark, after surpassing it earlier and extending the advance to a fourth straight session. U.S. factory production has rebounded
Houston Chronicle Oil edged higher to settle at a three-month high on optimism that a partial trade deal between the world’s two largest economies will spur demand for fuel to power trucks, trains, airplanes and cars. Futures closed above the $60-a-barrel mark for a second straight session Monday in New York. Bullish bets rose the most in three years in
Reuters BEIJING/SINGAPORE – China and the United States have agreed terms of a “phase one” trade deal under which Washington reduced some tariffs and Beijing canceled retaliatory duties that were previously scheduled to take effect on Dec. 15. Before Sunday’s deal, U.S. corn, sorghum, wheat, undenatured ethanol, and refined copper cathodes had faced an additional tariff of 10% an imports
Reuters Goldman Sachs on Monday raised its 12-month commodity returns forecast by 3% to 6.4% citing an improved outlook for oil after an OPEC-led agreement to curb output further as well as agriculture sector supply concerns. “Policy clarity” after the U.S.-China trade deal and the British elections could trigger commodity demand, analysts at the bank said in a note. “However,
Houston Chronicle Prices at the pump have fallen to their lowest levels since March – just in time for the holiday travel break – even though crude oil values have risen in recent weeks. Seasonal declines in fuel prices and rising U.S. gasoline inventory volumes have outweighed the higher oil prices thus far. The Houston average for a gallon of
Reuters LONDON – Oil prices fell on Tuesday after U.S. President Donald Trump said that a trade deal with China could be delayed until after the next U.S. presidential election, though losses were capped by expectations for deeper output cuts from OPEC and its allies. Brent futures LCOv1 fell 39 cents to $60.53 a barrel by 1310 GMT. U.S. West
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