Oil Notches 3-Day Gain as Traders Weigh Potential U.S.-China Tariff Outcomes

Friday, 15 February 2019 04:05 WIB



Oil futures ended higher Thursday as traders weighed potential outcomes for U.S.-China trade talks, which are likely to have a direct impact on demand for energy.

Crude prices found support from expectations that the U.S. will extend its deadline for implementing additional tariffs on Chinese goods by 60 days, according to Bloomberg News, but prices had also spent part of the session time trading lower.

Trade talks between the two countries continue. U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer will meet China President Xi Jinping in Beijing on Friday, the South China Morning Post reported.

March West Texas Intermediate crude oil rose 51 cents, or 1%, to settle at $54.41 on the New York Mercantile Exchange—the highest finish since Feb. 4, according to Dow Jones Market Data.

Meanwhile, April Brent added 96 cents, or 1.5%, to $64.57 on the ICE Futures Europe exchange. Prices again posted their highest finish since November.

Source : Market Watch


  • Down one day and up the next, oil’s yo-yo pattern continued Wednesday, with the market moving to any headline that remotely mattered in the absence of substantive developments on U.S.-China talks and ...



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.