Oil rises but U.S.-China trade war weighs on demand outlook

Oil rises but U.S.-China trade war weighs on demand outlook
NEW YORK (Reuters) – Oil prices inched up on Tuesday as OPEC’s deal with associated producers last week to deepen output cuts in 2020 continued to provide a floor for prices, but U.S.-China trade tensions clouded the demand outlook. FILE PHOTO: Oil pump jacks work at sunset near Midland, Texas, U.S., August 21, 2019. REUTERS/Jessica Lutz Brent crude was up... Read More

Oil prices drop as fears over trade war, weaker demand return to haunt market

Oil prices drop as fears over trade war, weaker demand return to haunt market
SINGAPORE (Reuters) – Oil prices slipped on Tuesday for a second straight session as the cons of a slowing global demand outlook outweighed the pros of OPEC’s agreement with associated producers at the end of last week to deepen crude output cuts in early 2020. FILE PHOTO: Oil pump jacks work at sunset near Midland, Texas, U.S., August 21, 2019.... Read More

Asian shares edge down as tariff deadline hems bets

Asian shares edge down as tariff deadline hems bets
SHANGHAI (Reuters) – Asian equity markets eased slightly on Tuesday, tracking Wall Street declines as investors fretted over a Dec. 15 deadline for the next round of U.S. tariffs on Chinese imports to take effect. FILE PHOTO: An investor looks at an electronic board showing stock information at a brokerage house in Nanjing, Jiangsu province, China April 16, 2018. REUTERS/Stringer... Read More

Oil prices recoil as specter of trade war, weaker demand haunts market

Oil prices recoil as specter of trade war, weaker demand haunts market
SINGAPORE (Reuters) – Oil prices slipped on Tuesday for a second straight session as the cons of a slowing global demand outlook outweighed the pros of OPEC’s agreement with associated producers at the end of last week to deepen crude output cuts in early 2020. FILE PHOTO: Oil pump jacks work at sunset near Midland, Texas, U.S., August 21, 2019.... Read More

Asian shares ease slightly as tariff deadline looms

Asian shares ease slightly as tariff deadline looms
SHANGHAI (Reuters) – Asian equity markets ticked down on Tuesday, tracking Wall Street losses as investors fretted over a Dec. 15 deadline for the next round of U.S. tariffs on Chinese imports to take effect. FILE PHOTO: An investor looks at an electronic board showing stock information at a brokerage house in Nanjing, Jiangsu province, China April 16, 2018. REUTERS/Stringer... Read More

Oil prices slip again as specter of trade war, demand concerns haunts market

Oil prices slip again as specter of trade war, demand concerns haunts market
SINGAPORE (Reuters) – Oil prices dropped on Tuesday for a second straight session as the cons of a slowing global demand outlook outweighed the pros of OPEC’s agreement with associated producers at the end of last week to deepen crude output cuts in early 2020. FILE PHOTO: Oil pump jacks work at sunset near Midland, Texas, U.S., August 21, 2019.... Read More

Trump upbeat on U.S.-China talks as Beijing underscores tariff-cut demands

Trump upbeat on U.S.-China talks as Beijing underscores tariff-cut demands
WASHINGTON/BEIJING (Reuters) – U.S.-China trade talks are “moving right along,” President Donald Trump said on Thursday, striking an upbeat tone even as Chinese officials held fast to their line that existing tariffs must come off as part of an interim deal to de-escalate the 17-month trade war between the two powers. FILE PHOTO: U.S. President Donald Trump meets with China’s... Read More