Oil prices fell on Wednesday after a much larger-than-expected build in U.S. crude inventories and after Reuters reported that the signing of a U.S.-China trade deal could be delayed until December.
The decline reversed the gains of the previous three sessions.
Brent crude fell $1.22, or 1.9%, to settle at $71.74. West Texas Intermediate crude lost 88 cents, or 1.5%, to settle at $56.35 per barrel.
Prices extended losses after Reuters reported that a meeting between U.S. President Donald Trump and Chinese President Xi Jinping to sign a long-awaited interim trade deal could be delayed until December as discussions continue over terms and venue.
Source: CNBC
Oil retreated from its highest close in almost three months after an industry report showed American crude inventories expanded last week, adding to concerns over weakening demand. West Texas Interme...
Oil prices slipped on Tuesday for a second straight session as the cons of a slowing global demand outlook outweighed the pros of OPEC's agreement with associated producers at the end of last week to ...
Oil was little changed as investors weighed an expected drop in American crude stockpiles against the possibility of the U.S. imposing extra tariffs on a new $160 billion swath of Chinese goods this S...
Oil traded near the highest level in almost 12 weeks after Saudi Arabia surprised the market Friday with a significant supply cut beyond what was agreed to with fellow OPEC+ members. Futures in ...
Oil retreated from a 12-week high as optimism spurred by Saudi Arabia's surprise output cut was overshadowed by demand concerns. West Texas Intermediate for January delivery fell 28 cents, or 0....
Tokyo stocks fell on Wednesday as investors locked in profits ahead of major events such as the UK election and a US Fed meeting with eyes kept on the US-China trade talks. The benchmark Nikkei 225 index slipped 0.08 percent or 18.33 points to...
Gold held a modest advance as traders awaited the Federal Reserve's final gathering of the year, while weighing the latest smoke signals on the trade front in the countdown to the next set of U.S. levies on Chinese goods. Palladium was near a...
Britain's political leaders are making a final push for votes ahead of Thursday's general election, which has been dominated by the issue of Britain's exit from the European Union. A new report from analyst group The UK in a Changing Europe at...
Gold futures settled at a slight loss on Monday, finding little reason to move in either direction ahead of a mid-week policy update from the...
Gold rose on Tuesday, with prices finding support after posting two consecutive sessions of losses. Traders eyed the potential for a U.S.-China...
Gold held a decline after a better-than-expected U.S. payrolls report on Friday led to a surge in equities, damping demand for haven...
The FBI is investigating the fatal shooting at a Naval base in Florida as an act of terrorism, a special agent said Sunday.
Rachel Rojas, special...