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Crude oil futures stable as markets await US-China trade developments

From spglobal.com

Crude oil futures were largely stable during mid-morning trade in Asia Monday as markets were waiting for latest developments around the US-China trade dispute, while bullish supply side data kept prices supported. At 10:30 am Singapore time (0230 GMT), ICE April Brent crude futures ticked down 4 cents/b (0.06%) from Friday's settle at $67.08/b, while the NYMEX April light sweet crude contract inched down 3 cents/b (0.05%) to $57.23/b. On Sunday, US President Donald Trump tweeted that he would delay the deadline to increase trade tariffs on China, citing "substantial progress," during a week of talks in Washington ... (full story)

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  • Category: Fundamental Analysis