Benchmark crudes rise in price as it gets closer to the final stages of trade negotiations between the US and China. Baker Hughes' report on the reduction in the number of existing drilling rigs in the United States also pushed up oil prices. Brent crude on Monday by 15:43 Moscow time, rose in price by 55 cents, its cost was 67 dollars 39 cents per barrel. The price of WTI crude oil rose 47 cents to 56 dollars 27 cents per barrel. It is expected that a trade agreement between the United States and China may be signed by the leaders of the two countries on March 27. Over the past week, the number of rigs in the United States dropped to its lowest value in almost 9 months. This information gave investors hope that US output growth rates could slow down.
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 ...
Japan’s Finance Minister Taro Aso expressed worries about the yen’s continual rise, calling it “rapid” and hinting at the strong currency’s impact on exports as Japan struggles through a recession. The yen’s ...
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 ...