Oil slips ahead of US-China talks

Oil slips ahead of US-China talks

Oil prices edged lower on Wednesday as investors priced in a build in gasoline inventories in the US ahead of the US-China trade talks this weekend. Brent crude futures were down 77 cents a barrel, or around 1.24%, at $61.38 a barrel by 1:50 pm ET (1750 GMT), while US West Texas Intermediate crude was down 73 cents, or 1.24%, lower at $58.36 a barrel. Both benchmarks plunged to four-year lows this week after OPEC+ decided to speed up output incr…

Oil Market Falls Amid Doubt in US-China Trade Talks

By Adedapo Adesanya The oil market fell on Wednesday as investors doubted that upcoming US-China trade talks would result in a breakthrough, with Brent crude losing $1.03 or 1.66 per cent to trade at $61.12 a barrel and the US West Texas Intermediate (WTI) crude shedding $1.02 or 1.73 per cent to sell for $58.07 […]

Oil Holds Decline With Market Focused On US-China Trade Talks

Oil held a loss ahead of trade talks between the US and China, with comments from President Donald Trump highlighting the difficult path officials face reaching a possible agreement.Brent traded near $61 a barrel after falling 1.7% in the previous session, and West Texas Intermediate was around $58. Trump said on Wednesday that he’s unwilling to preemptively lower tariffs on China to jump-start the planned negotiations. Officials will meet in Sw…

Oil Prices Drop .. Brent Crude Reaches $61

Oil prices fell on Wednesday, after rebounding from a sharp sell-off earlier in the week, as investors shifted their focus to US-China trade talks this weekend.

Oil settles lower as hopes dim for US-China trade and supply worries ease

Oil prices fell by more than US$1 a barrel on Wednesday as investors doubted that upcoming US-China trade talks will result in a breakthrough, while hopes for an Iran-US nuclear deal eased supply worries.

Oil prices fell by more than $1 a barrel on Wednesday, as investors doubt that the upcoming US-China trade talks will lead to a breakthrough, while hopes of a nuclear deal between Iran and the United States eased supply concerns.Brent crude futures dropped by US$1.03, or 1.66%, to US$61.12 a barrel, while US Intermediate West Texas lost US$1.02, or 1.73%, to US$58.07 a barrel.The Mexican export mix fell by US$1.08 to US$54.73 a barrel.