SYDNEY (Reuters) – Oil prices rose on Friday, lifted by OPEC’s supply cuts and hopes the United States and China could soon settle their trade disputes. US West Texas Intermediate (WTI) futures were at $54.10 per barrel at 0133 GMT, up 31 cents, or 0.6 percent, from their last settlement. International Brent crude oil futures … Read More
DUBAI (Reuters) – Iran and South Korea are working to set up a mechanism to barter South Korean goods for Iranian oil exports, an Iranian trade official quoted as saying by the state news agency IRNA , as Tehran seeks ways to sidestep US sanctions. “According to the plan, goods will be given to Iranian … Read More
SHANGHAI (Reuters) – China is willing to resolve trade issues with the United States through mutually respectful talks and on an equal footing, said one of the country’s vice commerce ministers Wang Bingnan on Saturday. Beijing will jointly promote the healthy and stable development of China-US relations, Wang told reporters at a news conference.
SINGAPORE (Reuters) – Brent crude oil prices fell by more than 1 percent on Monday after Washington said it may grant waivers to sanctions against Iran’s oil exports next month, and as Saudi Arabia was said to be replacing any potential shortfall from Iran. International benchmark Brent crude oil futures LCOc1 were at $83.25 per … Read More
NEW YORK (Reuters) – Major world stock markets sank for a second straight day after strong US jobs numbers signaled a continued tightening of the labor market and increased inflation pressures, while Treasury yields rose again to multi-year highs. The increase in US non-farm payrolls slowed in September, likely from Hurricane Florence’s impact on restaurant … Read More
SINGAPORE (Reuters) – Oil prices on Thursday fell from four-year highs reached the previous session, pressured by rising US inventories and after sources said Russia and Saudi Arabia struck a private deal in September to raise crude output. Brent crude oil futures LCOc1 were trading at $85.85 per barrel at 0104 GMT, down 44 cents, … Read More
UNITED NATIONS (Reuters) – The remaining parties to the Iran nuclear deal agreed to keep working to maintain trade with Tehran despite scepticism this is possible as US sanctions to choke off Iranian oil sales resume in November. US President Donald Trump decided in May to abandon the pact and to restore economic sanctions on … Read More
SYDNEY (Reuters) – Most Asian share markets slipped on Monday amid reports Washington was about to announce a new round of tariffs on Chinese imports, setting the stage for possible reprisals by Beijing. Liquidity was thin with Japan on holiday and moves in currencies and bonds were minor. Hong Kong markets opened as normal after … Read More