Source: Reuters NEW YORK (Reuters) – Oil prices fell more than 1% on Monday after comments from a U.S. official stymied hopes that a U.S.-China trade deal would be reached soon, prompting renewed concern that a slowing global economy would reduce demand for oil. Brent crude LCOc1 futures fell 89 cents, or 1.5%, to $58.53 a barrel by 10:35 a.m.
Source: Reuters NEW YORK (Reuters) – Oil prices were narrowly mixed on Tuesday, retracing early losses on optimism about a potential Brexit deal and signals from OPEC that further supply curbs are possible, but prices remained under pressure from U.S.-China trade worries and concern about swelling U.S. crude inventories. Global benchmark Brent LCOc1 futures were up 2 cents to $59.37
Source: Houston Chronicle Oil slid after surging the most in almost a month on Friday amid doubts that recent progress in the U.S.-China trade talks will compensate for a worsening global demand outlook. Futures in New York fell as much as 1.4% after gaining 2.2% in the previous session. Washington and Beijing made several concessions to reach a partial trade
Source: CNBC The U.S. has come to a “very substantial phase one deal” with China in the high-stakes trade negotiations between the two economic superpowers, President Donald Trump said Friday. “Phase two will start almost immediately” after the first phase is signed, Trump said in the Oval Office alongside Chinese Vice Premier Liu He. The first portion of the trade
Source: Houston Chronicle Oil jumped to $60 a barrel after reports of missile strikes on an Iranian tanker off the coast of Saudi Arabia reignited fears over military escalation in the world’s most important crude-producing region. Brent futures surged about $1 a barrel after the Islamic Republic News Agency reported a National Iranian Tanker Company tanker caught fire after a
from Reuters WASHINGTON – Rapidly expanding exports of U.S. fossil fuels, including liquefied natural gas (LNG), serve as leverage in trade negotiations with China, Energy Secretary Rick Perry said on Monday. “It’s part of the mix, it may not be the driver, but it’s always hanging out there as part of the matrix,” Perry said in an interview on CNBC. “America
