Trump says he’s inclined to extend China trade deadline and meet Xi soon

Trump says he’s inclined to extend China trade deadline and meet Xi soon
WASHINGTON (Reuters) – President Donald Trump said on Friday there was “a very good chance” the United States would strike a deal with China to end their trade war and that he was inclined to extend his March 1 tariff deadline and meet soon with Chinese President Xi Jinping. U.S. President Donald Trump meets with Chinese Vice Premier Liu He... Read More

Oil hits 2019 highs on U.S.-China trade hopes, but U.S. output weighs

Oil hits 2019 highs on U.S.-China trade hopes, but U.S. output weighs
NEW YORK (Reuters) – Oil prices touched their highest since mid-November on Friday and posted weekly gains for the second week in a row, boosted by hopes that U.S.-China trade talks would soon produce a deal, although new record U.S. oil supply limited gains. FILE PHOTO: A Canadian Natural Resources pump jack pumps oil out of the ground near Dorothy,... Read More

Oil reaches more than three-month highs on U.S.-China trade hopes

Oil reaches more than three-month highs on U.S.-China trade hopes
NEW YORK (Reuters) – Oil prices reached their highest levels since mid-November on Friday, boosted by hopefulness that the United States and China would soon reach a trade deal, but new record U.S. oil supply limited gains. FILE PHOTO: A Canadian Natural Resources pump jack pumps oil out of the ground near Dorothy, Alberta, Canada, June 30, 2009. REUTERS/Todd Korol/File... Read More

Oil prices firm on trade hopes, but record U.S. output drags

Oil prices firm on trade hopes, but record U.S. output drags
SINGAPORE (Reuters) – Oil prices were firm on Friday, supported by OPEC’s ongoing supply cuts and hopes that Washington and Beijing may soon end their trade dispute. FILE PHOTO: A Canadian Natural Resources pump jack pumps oil out of the ground near Dorothy, Alberta, Canada, June 30, 2009. REUTERS/Todd Korol/File Photo Despite this, prices remained just below 2019 peaks reached... Read More

Oil prices stable on trade hopes, but record U.S. output weighs

Oil prices stable on trade hopes, but record U.S. output weighs
SINGAPORE (Reuters) – Oil prices reversed earlier falls on Friday, lifted by OPEC’s ongoing supply cuts and hopes that Washington and Beijing may soon end their trade dispute. FILE PHOTO: A Canadian Natural Resources pump jack pumps oil out of the ground near Dorothy, Alberta, Canada, June 30, 2009. REUTERS/Todd Korol/File Photo Despite this, prices remained below 2019 peaks reached... Read More

Oil prices fall as U.S. crude output hits record 12 million bpd

Oil prices fall as U.S. crude output hits record 12 million bpd
SINGAPORE (Reuters) – Oil prices fell on Friday after the United States reported its crude output hit a record 12 million barrels per day (bpd), undermining efforts by Middle East-dominated producer club OPEC to withhold supply and tighten global markets. FILE PHOTO: A Canadian Natural Resources pump jack pumps oil out of the ground near Dorothy, Alberta, Canada, June 30,... Read More

Oil dips as U.S. crude output hits record 12 million barrels per day

Oil dips as U.S. crude output hits record 12 million barrels per day
SINGAPORE (Reuters) – Oil prices fell on Friday after the United States reported its crude output hit a record 12 million barrels per day (bpd), undermining efforts by Middle East dominated producer club OPEC to withhold supply and tighten global markets. FILE PHOTO: A Canadian Natural Resources pump jack pumps oil out of the ground near Dorothy, Alberta, Canada, June... Read More

Oil prices dip as U.S. crude output hits record 12 million barrels per day

Oil prices dip as U.S. crude output hits record 12 million barrels per day
SINGAPORE (Reuters) – Oil prices fell on Friday after the United States reported its crude output hit a record 12 million barrels per day (bpd), undermining efforts by Middle East dominated producer club OPEC to withhold supply and tighten global markets. FILE PHOTO: A Canadian Natural Resources pump jack pumps oil out of the ground near Dorothy, Alberta, Canada, June... Read More