Tag Archives: Energy

US China trade dispute in focus

Oil prices rebounded on Thursday after heavy losses in the previous session that came as the China-U.S. trade dispute escalated, with official Chinese data indicating energy demand in the world’s top importer has yet to recover its strength. Brent crude futures were up 24 cents, or a third of a percent, at $72.52 a barrel by 0355 GMT, following a

Read more

Oil markets tread water ahead of renewed US sanctions against Iran

The main oil market price drivers of recent months have been output levels by top producers Russia, Saudi Arabia and the United States, renewed Iran sanctions, the U.S. vs China trade dispute, and unplanned supply disruptions. Some analysts warned that a global heat wave could also now affect oil demand. Much of the northern hemisphere has been gripped… Source link

Read more

US crude inventories in focus

Oil prices rose on Thursday, recouping a portion of the losses of the last two days that were driven by reports showing surprise gains in U.S. inventories of crude, along with mounting concern over trade friction between the U.S. and China. Brent crude futures were up 25 cents, or 0.4 percent, at $72.64 a barrel by 0055 GMT, after dropping

Read more
« Older Entries