US-China tensions Archives

Crude oil prices decline on oversupply fears

Topnewsplus1 month ago04 mins

Oil prices fell on Tuesday on concerns about excess supply and risks to demand stemming from tensions between the U.S. and China, the world’s top two oil consumers, even as President Donald Trump said he expected to reach a trade deal. Brent crude futures fell 14 cents, or 0.2%, at $60.87 a barrel at 0005…

Oil rebounds 1% after sharp losses on US-China tensions

Topnewsplus2 months ago04 mins

SINGAPORE -Oil prices clawed back some gains on Monday after hitting five-month lows in the previous session as investors hoped potential talks between the presidents of the U.S. and China could ease trade tensions between the world’s two largest economies and oil consumers. Brent crude futures rose 87 cents, or 1.39%, to $63.60 a barrel…