DJIA27875.62
LIVE109.33(0.39%)
NDX8272.05
LIVE6.43(0.08%)

Oil Prices Fall After Gaining Overnight Amid Signs of Trade Breakthrough


Friday, 8 November 2019 13:03 WIB

Minyak WTIbrent oilOil,Crude Oil


c_740_198_16777215_00_images_assets_Oil3_00.jpg

Oil prices gave back some of their gains from earlier in the day after China said they are rolling back tariffs with the U.S.

Gao Feng, a spokesperson for China’s Commerce Ministry, said at a weekly briefing in Chinese that the U.S. and China have “agreed to remove the additional duties imposed on each other’s products in different phases after they make progress in reaching a deal.”

Canceling tariffs is vital to the first phase of their trade agreement, which both sides have agreed to do as negotiations progress, he said.

U.S Crude Oil WTI Futures dropped 0.5% to $56.88 by 12:10 AM ET (04:10 GMT). International Brent Oil Futures fell 0.3% to $62.12.

Oil prices initially gained on Gao’s remarks, while stock markets also rallied in the U.S as all three major indexes on Wall Street hitting record highs overnight. Chinese stocks also gained today, with the Shanghai Composite and the SZSE Component rising 0.4% and 0.9%.

Source : Investing.com


RELATED NEWS

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.