UP

Oil steadies as hopes of easing trade tensions lend support

Home page Economy
12 Punto 14 Punto 16 Punto 18 Punto

Oil prices steadied on Tuesday on optimism U.S.-China trade tensions will ease and hopes major economies will take stimulus measures to ward off a possible economic slowdown, after falling earlier on concerns over future demand.

Axar.az reports citing Reuters.

Brent crude LCOc1 settled 29 cents, or 0.5%, higher at $60.03 a barrel, while U.S. crude CLc1 rose 13 cents to $56.34 a barrel. U.S. crude turned lower in post-settlement trade after U.S. President Donald Trump said he was not ready to make a trade deal with China.

The United States said it would extend a reprieve that permits China’s Huawei Technologies [HWT.UL] to buy components from U.S. companies, signaling a slight softening of the trade conflict between the world’s two largest economies.

Date
2019.08.21 / 10:23
Author
Axar.az
See also

Oil prices keep rising globally

Oil prices keep rising in global markets

Oil prices rise again

Oil prices edge down

Oil prices edge down on global markets

Oil prices slightly up

Oil prices keep climbing

Oil prices rise again

Oil prices keep falling on global markets

Oil prices dip slightly on global markets

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla