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Oil prices declined on Wednesday on the announcement of the US Trade Representative that the volume of Chinese goods, import of which in the US will be subject to duties, increases from August 23 to 50 billion dollars. Investors are also concerned about the upcoming US sanctions against Iran, which can significantly reduce the supply of oil from the country. October Brent crude oil futures at 14:31 Moscow time fell 9 cents to 74 dollars 56 cents a barrel. The price of September futures for WTI oil fell by 29 cents to 68 dollars 88 cents per barrel.
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 ...
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
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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