DJIA25287.30
LIVE-95.81(-0.38%)
NDX9516.10
LIVE-39.43(-0.41%)

Oil drops amid new concern over prospects for U.S.-China trade deal


Thursday, 21 November 2019 13:45 WIB

Minyak WTIMinyak MentahMinyak Brent


c_740_198_16777215_00_images_assets_OIL_11Oiladvances2.reutersmedia.net.jpg

Oil prices edged lower on Thursday as fresh tensions between the United States and China over ongoing protests in Hong Kong fueled concern that a long hoped-for deal to end a trade war between the world's top two economies may be further delayed.

Trade experts have warned the first phase of a deal could slide into next year, while markets are wary negotiations might take a hit as the U.S. House of Representatives passed two bills to back protesters in Hong Kong, much to the disapproval of China.

Brent crude futures (LCOc1) dipped 22 cents, or 0.35%, to $62.18 a barrel by 06:11 GMT, while West Texas Intermediate (WTI) crude futures (CLc1) fell 20 cents, or 0.35%, to $56.81 per barrel. Both benchmarks had risen strongly on Wednesday on bullish U.S. crude inventory data.

The trade war has hit global growth prospects and dominated the outlook for future oil demand, and U.S. President Donald Trump has said he is inclined to raise tariffs on Chinese imports if a trade deal is not reached.

Source : Reuters


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.