Oil prices rose more than 1% on Monday as signs of rising manufacturing activity...
TOKYO - Oil prices rose more than 1% on Monday as signs of rising manufacturing activity in China pointed to increasing fuel demand, and hints that OPEC may deepen output cuts at its meeting this week indicated supply may tighten next year.
On Friday, WTI futures settled 5.1% lower while Brent plunged 4.4% on concerns that talks to end the trade war between the United States and China, the world’s two biggest oil users, would be disrupted by U.S. support for protesters in Hong Kong. Prices were also supported after Iraq’s oil minister said on Sunday that OPEC and allied producers will consider deepening their existing oil output cuts by about 400,000 barrels per day to 1.6 million bpd.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Oil jumps on Chinese factory growth, hopes for deeper OPEC cutsOil prices rose more than 1% on Monday as signs of rising manufacturing activity...
Baca lebih lajut »
Trade Tensions, Market Glut Press Upon Olive-Oil PricesLooming U.S. tariffs on European olive oil, coupled with robust olive harvests in southern Europe, threaten to prolong a deep slump in olive oil prices, which have already fallen by about 25% this year in Spain.
Baca lebih lajut »
Oil jumps on Chinese factory growth, hopes for deeper OPEC cutsOil prices rose more than 1% on Monday as signs of rising manufacturing activity...
Baca lebih lajut »
Global stocks tick up on upbeat China factory reports, trade talk hopesGlobal shares rose on Monday and oil rebounded after upbeat China manufacturing ...
Baca lebih lajut »
Safe-haven yen hits six-month low after upbeat Chinese factory activityThe Japanese yen hit a six-month low on Monday as investors cheered an unexpecte...
Baca lebih lajut »