Houston Chronicle Oil gained as the U.S. and China were moving closer to a trade deal and before OPEC+ decides on its output-cut policy later this week. Futures added as much as 1.8% in New York. The U.S. and China are moving closer to agreeing on the amount of tariffs that would be rolled back in a phase-one trade deal
Reuters LONDON – Oil steadied above $64 a barrel on Wednesday as an industry report showing a surprise boost in U.S. crude inventories was offset by optimism about a U.S.-China trade deal being agreed soon. Oil industry group the American Petroleum Institute on Tuesday said U.S. crude inventories rose by 3.6 million barrels, compared with analysts’ expectations for a decrease.
Houston Chronicle Oil steadied on signs of progress in trade talks between the U.S. and China, and estimates that American crude inventories retreated for the first time in five weeks. Futures traded little changed near $58 a barrel in New York. Washington and Beijing “reached consensus on properly resolving relevant issues” to pursue a “phase one” trade deal during a
Reuters SINGAPORE/LONDON – Oil prices held above $63 a barrel on Monday as positive comments from the United States and China rekindled hopes in global markets that the world’s two largest economies could soon sign an interim deal to end their trade war. Brent crude futures LCOc1 were down 5 cents at $63.34 a barrel by 1424 GMT. West Texas
Reuters LONDON – Oil prices held near two-month highs on Friday, set for a third consecutive week of gains on expectations of an extension to OPEC+ production cuts, though concern over U.S.-China trade talks continue to hang over the market. Brent crude futures LCOc1 eased 13 cents to $63.84 a barrel by 1442 GMT and West Texas Intermediate (WTI) crude
CNBC Oil prices rose on Thursday after a Reuters’ report showed OPEC and its allies are likely to extend output cuts until mid-2020 while fresh reports emerged that China has invited U.S. negotiators for a new round of talks. Brent crude futures rose 69 cents, or 1%, to $63.09 a barrel, while West Texas Intermediate crude futures rose 82 cents, or 1.4%, to
Reuters LONDON – Oil edged higher on Wednesday as Iran-related tensions escalated but receding hopes for a quick solution to the U.S.-China trade war which has dented global growth dragged on prices. West Texas Intermediate crude futures CLc1 traded up 23 cents, or 0.42%, to $55.44 a barrel by 1225 GMT. Brent crude futures LCOc1 were at $61.23 a barrel,
Reuters LONDON – Oil fell for a second day on Tuesday, dropping below $62 a barrel on limited progress toward resolving the U.S.-China trade dispute, higher than expected Norwegian oil output and forecasts of rising 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
Reuters HOUSTON – Oil prices eased on Monday, giving up some of last week’s gains and edging lower alongside U.S. stocks on uncertainty over a trade deal between the United States and China. Concerns about plentiful crude supplies in 2020 also weighed on the market, which expects OPEC to extend production cuts in early December to help avoid a new
Source: Reuters NEW YORK (Reuters) – Oil prices ended Tuesday little changed after paring gains of about 1% following a speech from U.S. President Donald Trump that offered few new details about Washington’s trade talks with Beijing. Concerns about slower economic growth and oil demand due to the fallout from the 16-month trade dispute between the world’s two biggest economies
Source: Houston Chronicle Oil held its biggest gain in almost seven weeks after improved U.S. and Chinese economic data aided the demand outlook, while optimism increased that the U.S. and China will resolve their trade dispute. Futures rose as much as 1.5% in New York. U.S. Commerce Secretary Wilbur Ross met with Chinese Premier Li Keqiang on Monday afternoon at
Source: Houston Chronicle Oil slid the most in two weeks after Saudi Arabia boosted crude output by more than a million barrels a day against the backdrop of renewed worldwide trade woes. Futures fell as much as 2.5% in New York on Thursday. The Saudis lifted daily production to about 9.8 million barrels just weeks after crippling missile attacks on
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