Wednesday, 11 December 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Oil rebounds, gaining 1.4% on hopes for US-China trade deal

Brent crude rose above $62 a barrel on Thursday after China hinted at progress towards a trade deal with the United States, raising hopes for an end to a long dispute that has weighed on economic growth and fuel demand.

China and the United States have agreed in the past two weeks to cancel tariffs in different phases, the Chinese commerce ministry said on Thursday without giving a timeline.

Brent crude, the global benchmark, rose 58 cents to settle at $62.32. West Texas Intermediate crude climbed 80 cents, or 1.4%, to settle at $57.15.

Source : Reuters

RELATED NEWS
Oil Falls From 12-Week High as Report Shows U.S. Stockpile Build...
Wednesday, 11 December 2019 08:35 WIB

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 Recoil as Specter of Trade War, Weaker Demand Haunts Market...
Tuesday, 10 December 2019 12:47 WIB

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 Steady as Stockpile Drop Forecast Weighed Against Trade War...
Tuesday, 10 December 2019 07:41 WIB

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 Near 12-Week High After Saudis Surprise With Output Curbs...
Monday, 9 December 2019 14:48 WIB

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 Drops From 12-Week High as Demand Woes Overshadow Output Cut...
Monday, 9 December 2019 08:58 WIB

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....

LATEST NEWS
Hong Kong Stocks End Firmer On Possible Tariff Delay

Hong Kong stocks closed higher on Wednesday amid speculation that Washington may hold back from slapping new tariffs on Chinese exports that are scheduled to kick in this weekend. At the close of trade, the Hang Seng index was up 0.8% at...

Sterling Drops as Poll Shows Conservative Lead Slipping Ahead of U.K. Election

The pound came under pressure early Wednesday after a fresh YouGov poll predicted a slimmer-than-expected lead for Prime Minister Boris Johnson™s Conservative Party in a General Election that™s now less than 24 hours away. Sterling slipped...

European Stocks Open Mixed as Investors Await Fed Decision and US-China Trade News

European stocks made a cautious start Wednesday as investors await the U.S. Federal Reserve™s interest rate decision and monitor developments ahead of the weekend™s U.S.-China trade tariff deadline. The pan-European Stoxx 600 hovered around...

POPULAR NEWS
Gold prices slip a bit ahead of Fed meeting this week
Tuesday, 10 December 2019 03:13 WIB

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 prices end higher for first time in 3 sessions
Wednesday, 11 December 2019 01:56 WIB

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 Holds Drop as Equities Rally on Solid U.S. Jobs
Monday, 9 December 2019 09:27 WIB

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...

FBI Investigating Shooting at US Naval Base as Terrorism
Monday, 9 December 2019 11:07 WIB

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...