Crude Oil Oil prices edged lower on Monday as little progress on U.S.-China trade negotiations kept prices pressured. Brent crude futures fell 33 cents to settle at $62.18 a barrel. WTI crude fell 38 cents to settle at $56.86 a barrel. Investors are worried about fallout from the 16-month U.S.-China trade war, which has slowed economic growth around the world and prompted analysts to lower forecasts for oil demand, raising concerns that a supply glut…
Read MoreCrude Oil Oil prices edged higher on Friday, arguably due to weekend position taking. Brent crude futures rose 22 cents to settle at $62.51 a barrel. WTI crude rose 9 cents to settle at $57.24 a barrel. Brent posted a weekly rise of 1.3%, while WTI gained 1.9%. Oil prices fell earlier on Friday after Trump told reporters he has not agreed to roll back tariffs on China but that Beijing would like him to…
Read MoreCrude Oil Oil rose above $62 a barrel on Thursday after China hinted at progress towards a trade deal with the United States. Brent crude futures rose 55 cents to settle at $62.29 a barrel. WTI crude futures ended 80 cents higher at $57.15 a barrel. China and the United States have agreed in the past two weeks to cancel tariffs in different phases, the Chinese commerce ministry said on Thursday without giving a timeline.…
Read MoreCrude Oil Oil prices dropped more than $1 a barrel on Wednesday after a much larger-than-expected build in U.S. crude inventories. Brent crude futures fell $ 1.22 to settle at $61.74 a barrel. WTI crude futures ended 88 cents lower at $56.35 a barrel. Also bearing down on prices were reports that the signing of a U.S.-China trade deal could be delayed until December. Adding to pressures, the International Monetary Fund said euro zone economic…
Read MoreCrude Oil Oil prices rose more than 1% on Tuesday on hopes that Washington could roll back some tariffs on Chinese imports as a signal to the end of the trade war. Brent crude futures rose 83 cents to settle at $62.96 a barrel. WTI crude futures ended 69 cents higher at $57.23 a barrel. China is pushing U.S. President Donald Trump to remove more tariffs imposed in September as part of a so-called Phase…
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