Oil Prices Steady; Trade News Remained in Focus
Monday, 25 November 2019 13:52 WIB | ENERGY |Minyak BrentMinyak MentahMinyak WTI
U.S. oil prices steadied on Monday in Asia as Sino-U.S. trade talks continued to dominate markets action.
U.S. Crude Oil WTI Futures inched up 0.2% to $57.90 by 12:35 AM ET (04:35 GMT). International Brent Oil Futures was unchanged at $62.37.
While Reuters said the signing of the phase one trade deal might slide to next year, U.S. national security adviser Robert O'Brien said this weekend that the agreement with China is still possible by the end of the year.
In an attempt to address one of the stick points in trade talks, China said on Sunday that it will raise penalties on violations of intellectual property rights.
The U.S. has urged China multiple times in the past to crack down on IP theft. "This is a big step forward for potential trade negotiation if they are adopted as official policy," said CMC Markets chief market strategist MichaelMcCarthy in a Reuters report.
Source : Investing.com
Saturday, 15 February 2020 03:04 WIB
Oil prices rose on Friday, on track for their first weekly gain since early January as investors bet the economic impact of the coronavirus would be short-lived and hoped for further Chinese central b...
Friday, 14 February 2020 18:27 WIB
Oil prices rose on Friday and held on track for their first weekly gain since early January as investors bet the economic impact of the coronavirus would be short-lived and hoped for further Chinese c...
Friday, 14 February 2020 02:48 WIB
Oil prices edged higher on Thursday, as investors hoped the world™s biggest producers would cut output more, while they largely shrugged off forecasts of slumping demand due to the coronavirus outbr...
Thursday, 13 February 2020 19:28 WIB
Oil prices fell on Thursday after OPEC and IEA reports cut back demand forecasts for this year on the back of the coronavirus outbreak in China, the world's biggest oil importer.
Brent crude fell 34 ...
Thursday, 13 February 2020 02:52 WIB
Oil jumped more than 3% at the high on Wednesday as traders eyed deeper production cuts from OPEC, and as China reported the lowest number of new coronavirus cases since the end of January, easing con...