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Both benchmark oil brands fell in price on Tuesday due to concerns over a new round of the US-China trade conflict. August futures for Brent crude by 14:02 Moscow time fell 48 cents to 74 dollars 86 cents a barrel. The price of July WTI crude oil futures fell 99 cents to 64 dollars 86 cents a barrel. American President Donald Trump announced that he was ready to impose 10 percent duties on imported Chinese goods for another $200 billion. According to analysts of the Financial Times, in response to this, Beijing can introduce duties on the import of energy from the US.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
Apple, Google, Amazon, and Facebook’s chief executive officers faced Republican and Democratic U.S. lawmakers on Wednesday for the much-anticipated congressional hearing. The CEOs were questioned for alleged abuse of their market power ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
Oil prices fell on Thursday as the rising global coronavirus cases weighed on fuel demand recovery just as OPEC+ producers are set to increase supply. The Brent contract for October slid 0.05%, or 2 cents, at $44.07 per barrel, while the September ...
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