Crude Oil Oil prices extended their gains on Thursday as market optimism continues for US – China rapprochment. Brent crude futures rose 50 cents to settle at $61.67 a barrel. WTI crude futures rose 26 cents to settle at $56.23 a barrel.. U.S. Vice President Mike Pence accused China of curtailing “rights and liberties” in Hong Kong in a wide-ranging critique of Beijing’s behavior but also insisted that the United States does not seek confrontation…
Read MoreCrude Oil Oil rose about 2.5% on Wednesday after government data showed a surprise draw in U.S. crude stocks. Brent crude futures rose $ 1.47 cents to settle at $61.17 a barrel. WTI crude futures rose $ 1.49 to settle at $55.97 a barrel.. US Democratic lawmakers hope to complete their impeachment inquiry into the US President by year’s end and are coalescing around two articles of impeachment – abuse of power and obstruction, lawmakers…
Read MoreCrude Oil Oil prices rose on Tuesday after China signaled progress in trade talks with the United States. Brent crude futures rose 74 cents to settle at $59.70 a barrel. WTI crude futures rose 85 cents to settle at $54.16 a barrel.. OPEC and its allies plan to consider whether to deepen cuts to crude supply when they next meet in December due to worries about weak demand growth in 2020. Traders said the possible…
Read MoreCrude Oil Oil prices fell nearly 1% on Monday after comments from a U.S. official fed regarding concerns surrounding the U.S.-China trade war, adding to worries that a slowing global economy would reduce demand for oil. Brent crude futures fell 46 cents to settle at $58.96 a barrel. WTI crude futures fell 47 cents to settle at $53.31 a barrel.. Although President Donald Trump has said he would like to sign a deal when he…
Read MoreCrude Oil Oil prices edged lower on Friday, as concerns about China’s economy outweighed bullish signals from its refining sector. Brent crude fell 49 cents to settle at $59.42 a barrel. The Dec WTI crude fell 15 cents to $53.78 / bbl. For the week Brent fell 1.8%, while WTI lost 1.7%. China’s economic growth slowed to 6% year-on-year in the third quarter, its weakest in 27-1/2 years and short of expectations due to soft…
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