Oil Pressured Amid Uncertainty Over U.S.-China Trade Talks

Thursday, 14 March 2019 19:24 WIB

Minyak WTIbrent oilOil,Crude Oil


Crude-oil futures on Thursday turned negative amid reports that a trade meeting between President Donald Trump and China President Xi Jinping may be delayed, if it happens at all, fueling fresh some worries about disruptions to demand driven by the protracted tariff dispute.

April West Texas Intermediate crude gave up 20 cents, or 0.3%, to trade at $58.06 a barrel on the New York Mercantile Exchange, a day after the prices for the front-month contract settled at a high not seen since mid-November, according to FactSet data.

May Brent crude meanwhile, edged 4 cents, or less than 0.1%, higher to $67.59 a barrel on ICE Futures Europe, also holding near the highest level for the international benchmark in about four months.

Source : Marketwatch


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