U.S. President

U.S. President

Oil slips on jitters over US-China trade talks progress

Oil slips on jitters over US-China trade talks progress

11.11.2019

Oil slips on jitters over US-China trade talks progress

Oil prices fell on Monday on renewed caution over the prospects of a trade deal between the United States and China, with investors shrugging off ...

Brent crude was down 39 cents, or 0.6per cent, at US$62.12 by 0117 GMT. The contract rose 1.3per cent last week.

U.S. crude was 35 cents, or 0.6per cent, lower at US$56.89 a barrel, having risen 1.9per cent last week.

Trump also said there had been incorrect reporting about U.S. willingness to lift tariffs as part of a"phase one" agreement, news of which had boosted markets.

Any agreement on rolling back tariffs"would boost risk sentiment but not necessarily provide (an) immediate economic fillip," said Stephen Innes chief Asia market strategist at AxiTrader.

Money managers boosted their net long U.S. crude futures and options positions in the week to Nov. 5 by 22,512 contracts to 138,389, the U.S. Commodity Futures Trading Commission (CFTC) said.

Read more: CNA

Trump says China wants a trade deal with US 'much more than I do'WASHINGTON (BLOOMBERG) - President Donald Trump said trade talks with China are moving along 'very nicely,' and said the leaders in Beijing wanted a deal 'much more than I do.'. Read more at straitstimes.com.

China-US trade war to ease but conflicts will persist: China's ex-finance minister Lou Jiwei[BEIJING] A Sino-US trade war could ease somewhat but wider conflicts between the world's two largest economies will continue, Lou Jiwei, a former Chinese finance minister, said on Saturday. Read more at The Business Times.

Asian shares pick up on US-China trade deal hopesAsian shares edged higher on Monday after U.S. President Donald Trump said over the weekend that trade talks with China were moving along 'very ...

Scientists with links to China may be stealing biomedical research, US saysNEW YORK — The scientist at MD Anderson Cancer Center in Houston was hardly discreet. “Here is the bones and meet of what you want,” he wrote in a misspelled email to researchers in China.

China trade talks moving along nicely, but deal has to be right: Trump U.S. President Donald Trump said on Saturday that trade talks with China were moving along 'very nicely,' but the United States would only make a ...

Indonesian palm oil exec arrested over journalist killingsJAKARTA: An Indonesian palm oil executive has been arrested for allegedly ordering the killing of two activist journalists who were mediating a ...

Write Comment

Thank you for your comment.
Please try again later.

Latest News

News

11 November 2019, Monday News

Previous news

Asian shares pick up on US-China trade deal hopes

Next news

Mahathir-Anwar tussle opens door to political realignments