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Oil Prices Rise Despite More Signs of Slowing Global Economy, Brexit Uncertainty


Wednesday, 16 January 2019 13:58 WIB

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Oil prices rose on Wednesday in Asia even after Japan reported weaker-than-expected core machinery orders, while a Chinese commerce ministry official warned China's trade faces rising uncertainties this year.

Meanwhile, Japan's core machinery orders in November slowed sharply as the U.S.-China trade dispute began to spill into the global economy, adding to concerns that the outlook for the global economy has darkened further.

Elsewhere, British lawmakers on Tuesday rejected Prime Minister Theresa May's deal to leave the European Union.

Despite the reports, the Crude Oil WTI Futures gained 0.2% to $60.75, while the Brent Oil Futures also rose 0.2% to $60.75.

Source : Investing.com                   


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