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Oil Pares Gains on US-China Trade Doubts


Wednesday, 13 November 2019 03:06 WIB

MinyakWTIBrentMinyak MentahOil,Crude Oil


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Oil prices steadied after rising about 1% on Tuesday following a speech from U.S. President Donald Trump that offered few new details about Washington's trade talks with Beijing.

Concerns about slower economic growth and oil demand due to the fallout from the 16-month trade dispute between the world's two biggest economies pressured oil.

Brent crude futures, the global benchmark, fell 8 cents to settle at $62.10 a barrel. West Texas Intermediate (WTI) crude shed 8 cents to settle at $56.80 a barrel.

Prices eased from earlier gains after Trump's remarks to a lunch gathering of The Economic Club of New York included mixed messages about U.S.-China trade talks and excluded specifics about any progress in negotiations.

Source : Reuters


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